PBOC keeps one-year loan prime rate steady at 3.85%

The People’s Bank of China (PBOC) is out with the latest statement, announcing that it has maintained the one-year loan prime rate (LPR) at 3.85% for the 18^th month in a row at its October fixing.

Meanwhile, the five-year LPR was also left unchanged at 4.65% in October.  The Chinese central bank’s decision met market expectations.

more to come ...