China keeps lending benchmark LPR steady for fourth straight month, in line with market

📆 8/20/2020 1:10 AM
📰 Reuters

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

China kept its benchmark lending rate for corporate and household loans steady as expected for the fourth straight month at its August fixing on Thursday.

The one-year loan prime rate CNYLPR1Y=CFXS was kept unchanged at 3.85%, while the five-year LPR CNYLPR5Y=CFXS remained at 4.65%.

Twenty-eight traders and analysts out of 31 participants in the snap survey conducted by Reuters this week had predicted no change to the either rates. MLF, one of the PBOC’s main tools in managing longer-term liquidity in the banking system, serves as a guide for the LPR.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Look, has anyone actually been to China? Starting to think it's not really a real country LOL

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: China warns UK not to host fleeing activist Sunny Cheung - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Where is Honk Kong? China threatens? it simply means UK did the right thing. Good
Source: BusinessInsider - 🏆 729. / 51 Read more »