People’s Bank of China sets its 1 and 5 year Loan Prime Rate (LPR) rates unchanged.
The PBOC uses the reverse reop rate as its main policy rate now. Currently 1.4%.
Most lending in China is tied to the one-year LPR, while the five-year rate guides mortgage pricing. Both rates were last trimmed by 10 basis points in May.
This article was written by Eamonn Sheridan at investinglive.com.