PBOC leaves Loan Prime Rates unchanged, as expected

Market news

20 July 2023

PBOC leaves Loan Prime Rates unchanged, as expected

The People's Bank of China announced on Thursday that it maintained The Loan Prime Rate (LPR) across the time curve.

The Chinese central bank left the one-year and five-year LPR unchanged at 3.55% and 4.20% respectively.

Market reaction

At the time of writing, AUD/USD is holding higher ground near 0.6800, adding 0.27% on the day.

PBOC sets USD/CNY reference rate at 7.1466 vs. 7.1486 previous

China PBoC Interest Rate Decision in line with expectations (3.55%)

Market Focus

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