The People's Bank of China announces the 1- and 5-year loan prime rates on Monday, 22 July 2024. The announcement is usually on the 20th, but since that was on Saturday it'll be today instead.Last week we had the monthly Medium-term Lending Facility (MLF) setting:The PBoC has kept the 1-year MLF interest rate unchanged at 2.5%, as expectedWhen the People's Bank of China leaves the MLF rate unchanged its often, but not always, a signal that LPRs will remain unchanged.Current LPR rates are:3.45% for the one year3.95% for the five yearThe PBOC's Loan Prime Rate (LPR):An interest rate benchmark used in China, set by the People's Bank of China each month.The LPR serves as a reference rate for ban
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