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CHINA PRESS
MNI (Sydney)

The PBOC decision to leave the loan prime rates unchanged this month showed its intention to support economic recovery through "consistent, stable and sustainable" policies, the Financial News, owned by the central bank, said in a report. On Saturday, the PBOC kept the interbank loan benchmarks unchanged for the 10th month, with 1-Y LPR at 3.85% and 5-Y 4.65%, in line with market expectations, the newspaper said. While the PBOC soaked up some liquidity last week, market rates are largely in line with the central policy benchmarks, the newspaper said citing analyst Wen Bin of Minsheng Bank.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com