China kept its benchmark lending rates unchanged for the seventh straight month in March, as expected, after the central bank surprised markets last week by moving to lower the amount of cash banks must set aside as reserves. | Reuters
Last week the PBOC ramped up medium-term liquidity injections when rolling over maturing policy loans but kept the interest ratefacility rate, serves as a guide to changes in the LPR.
The LPR, which banks normally charge their best clients, is set by 18 designated commercial banks that submit proposed rates to the central bank every month.are based on the one-year LPR, while the five-year rate influences the pricing of mortgage loans.Your subscription could not be saved. Please try again.
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