China unexpectedly leaves rates unchanged
MG News | September 20, 2024 at 09:58 AM GMT+05:00
September 20, 2024 (MLN): The People’s Bank of China (PBoC) kept its key lending rates unchanged at the September fixing.
Market watchers polled by Reuters had expected a trim after the Federal Reserve’s 50 basis point rate cut.
The one-year loan prime rate (LPR) was maintained at 3.35%, according to a statement by the PBoC Friday.
Meanwhile, the five-year rate, a reference for property mortgages, was held at 3.85%.
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