- PBOC keeps one-year, five-year LPR rates unchanged
Market news
22 May 2023
PBOC keeps one-year, five-year LPR rates unchanged
People’s Bank of China (PBOC) holds its benchmark monetary policy rates, namely the Loan Prime Rates (LPR), unchanged during Monday's announcement.
Given the status quo from the Chinese central bank, the latest PBOC LPRs for one-year and five-year are 3.65% and 4.30%.
Also read: PBOC sets USD/CNY reference rate at 7.0157 vs. 7.0356 previous
About PBOC Interest Rate Decision
The PBoC Interest Rate Decision is announced by the People´s Bank of China. If the PBoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CNY. Likewise, if the PBoC has a dovish view on the Chinese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.
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