PBOC leaves Loan Prime Rates unchanged, as expected

Market news

20 November 2023

PBOC leaves Loan Prime Rates unchanged, as expected

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

The Chinese central bank left the one-year and five-year LPR steady at 3.45% and 4.20%, respectively.

Market reaction

At the time of writing, AUD/USD is holding higher ground near 0.6522, adding 0.15% on the day.

PBoC sets USD/CNY reference rate at 7.1612 vs. 7.1728 on Friday

China PBoC Interest Rate Decision meets expectations (3.45%)

Market Focus

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