The People’s Bank Of China, As Expected, Kept The Benchmark Lending Rate Unchanged

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On Monday, the People’s Bank of China (PBOC) kept its benchmark loan interest rates unchanged for all maturities.

The People’s Bank of China kept its one-year and five-year lending benchmark rates unchanged at 3.45% and 3.95% respectively.

This decision is in line with market expectations.

In February, the People’s Bank of China cut the five-year reserve requirement ratio by 25 basis points, from 4.20% to 3.95%.