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MNI BRIEF: China’s March Loan Prime Rate Unchanged

MNI (Singapore)
(MNI)Beijing
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China's Loan Prime Rate remained unchanged on Wednesday according to a People's Bank of China statement, in line with market expectation following the February's significant LPR cut and the hold of a key policy rate on March 15.

The one-year LPR, based on the PBOC’s Medium-term Lending Facility rate and quotes submitted by 20 banks, was left at 3.45% and the five-year plus maturity was held at 3.95%. (See MNI PBOC Watch: LPR To Hold, Idle Funds Targeted.)

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China's Loan Prime Rate remained unchanged on Wednesday according to a People's Bank of China statement, in line with market expectation following the February's significant LPR cut and the hold of a key policy rate on March 15.

The one-year LPR, based on the PBOC’s Medium-term Lending Facility rate and quotes submitted by 20 banks, was left at 3.45% and the five-year plus maturity was held at 3.95%. (See MNI PBOC Watch: LPR To Hold, Idle Funds Targeted.)

Keep reading...Show less