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MNI BRIEF: China Sep Loan Prime Rate Unchanged

MNI (Singapore)
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China's reference lending rate remained unchanged on Tuesday, according to a statement on the People's Bank of China website, which was in line with market expectations as the central bank kept a key policy rate steady last week.

The Loan Prime Rate, based on the rate of PBOC’s Medium-term Lending Facility (MLF) and quotes submitted by 18 banks, remained at 3.65% for the one-year maturity and 4.3% for five years and above. The PBOC injected CNY400 billion of one-year MLF last week, and partially rolled over a maturing CNY600 billion with the rate unchanged.

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China's reference lending rate remained unchanged on Tuesday, according to a statement on the People's Bank of China website, which was in line with market expectations as the central bank kept a key policy rate steady last week.

The Loan Prime Rate, based on the rate of PBOC’s Medium-term Lending Facility (MLF) and quotes submitted by 18 banks, remained at 3.65% for the one-year maturity and 4.3% for five years and above. The PBOC injected CNY400 billion of one-year MLF last week, and partially rolled over a maturing CNY600 billion with the rate unchanged.

Keep reading...Show less