People’s Bank of China (PBOC) left its reference interest for bank loans (LPR) to companies and households unchanged.
As the country’s central bank announced, the one -year reference interest rate (Loan Prime Rate – LPR) remain 3.1 percent and the five -year LPR at 3.6 percent and thus at the level of October 2024.
The Loan Prime rate is one of the key interest rates of the PBOC. She had reformed him in August 2019 and serves the banks as a requirement for her rates.
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