China's central bank has kept the Loan Prime Rate (LPR) unchanged for June, maintaining the one-year LPR at 3.45% and the five-year LPR at 3.95%. This marks the 10th consecutive month that Chinese banks have held their benchmark lending rates steady. The decision comes amid ongoing pressure on the yuan, which limits policymakers' capacity for further monetary easing. The unchanged rates were in line with market expectations, with the one-year LPR actual at 3.45% and the five-year LPR actual at 3.95%, as reported by the National Interbank Funding Center.
China leaves lending benchmark rates unchanged as expected
China's five-year loan prime rate, a market-based benchmark lending rate on which lenders base their mortgage rates, remained unchanged at 3.95% today from the previous month, according to the National Interbank Funding Center. The one-year #LPR stood at 3.45%. https://t.co/yjltUPtpHn
Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers’ space for easing
Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers’ space for easing https://t.co/4V5zQi5fGu
China leaves lending benchmark rates unchanged as expected https://t.co/YaSARLEoq8 https://t.co/sDAbh3gQWq
#PBOC keeps benchmark lending #rate #LPR unchanged. One-year LPR unchanged at 3.45%. Five-year LPR unchanged at 3.95%.
CHINA 1-YEAR LOAN PRIME RATE UNCHANGED AT 3.45%; EST. 3.45% CHINA 5-YEAR LOAN PRIME RATE UNCHANGED AT 3.95%; EST. 3.95%
⚡JUST IN: China's central bank leaves the Loan Prime Rate #LPR unchanged in June. 1-year LPR at 3.45% unchanged; 5-year LPR at 3.95% unchanged. #China https://t.co/xMKFVQZPv6
CHINA (JUN) 5-YEAR LOAN PRIME RATE ACTUAL: 3.95% VS 3.95% PREVIOUS;EST 3.95%
CHINA (JUN) 1-YEAR LOAN PRIME RATE ACTUAL: 3.45% VS 3.45% PREVIOUS;EST 3.45%
CHINA KEEPS JUNE 1-YEAR LOAN PRIME RATE UNCHANGED AT 3.45%
CHINA 1-YEAR LOAN PRIME RATE AT 3.45%; EST. 3.45% CHINA 5-YEAR LOAN PRIME RATE AT 3.95%; EST. 3.95%
China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. https://t.co/0kCyN7vNaA
China central bank leaves key policy rate unchanged as expected https://t.co/LH5HeaGIwn via @Reuters
#China’s central bank leaves a key interest rate steady for the tenth straight month.