Lending benchmark rate keepin’ steady
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Yesterday, the central bank (PBoC) kept its lending benchmark rate steady for the second consecutive month.
Some context: In August 2019, the central bank released a new loan pricing mechanism, replacing the old benchmark lending rates with two national loan prime rates (LPRs). The LPRs are set mont...