PBOC sets one and five year loan prime rates unchanged ...Middle East

1-year set at 3.1%

expected 3.1% and prior 3.1%

expected 3.6%, prior 3.6%

***

Recent moves:

In August and September 2024, the People's Bank of China (PBOC) maintained the Loan Prime Rates (LPR) at the levels set in July.

October 21, 2024: The one-year LPR was further reduced by 25 basis points to 3.10%, and the over-five-year LPR was decreased by 25 basis points to 3.60%.

December 20, 2024: The PBOC kept both the one-year LPR and the over-five-year LPR unchanged.

This article was written by Eamonn Sheridan at www.forexlive.com.

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