China keeps loan prime rates unchanged from Feb's 3.45%
20 Mar 24 1 min read
Insights
- China has decided to keep its one-year loan prime rate (LPR) unchanged from the previous month at 3.45 per cent.
- The over-five-year LPR also held steady from the previous reading of 3.95 per cent.
- The over-five-year rate was cut by 25 bps in February to 3.95 per cent, the largest drop in recent years, while the one-year rate remained unchanged.
The over-five-year LPR also held steady from the previous reading of 3.95 per cent, a state-controlled news outlet reported citing the National Interbank Funding Centre.
The country cut the over-five-year rate by 25 basis points in February to 3.95 per cent, the largest drop in recent years, while the one-year rate remained unchanged.
Advertisement
The average reserve requirement ratio (RRR) of China's banking sector is 7 per cent and there is still room for further RRR cuts, People's Bank of China governor Pan Gongsheng said earlier this month.
Related News
- China’s current account surplus $39.2 bn in Q1 2024: Official data
- China's PPI drops 2.5% YoY, 0.2% MoM in April 2024; CPI up 0.3% YoY
- Poland’s NBP keeps interest rates unchanged for 7th month in a row
- Bank of England keeps interest rates unchanged at 5.25%
- Bangladesh Bank’s exchange rate policy change sparks taka freefall
- Bangladesh central bank hikes policy rate by 50 bps to 8.5%
Fibre2Fashion News Desk (DS)
Popular News
|
|
UK invites new options for transporting carbon dioxide sans pipelines |
|
|
Met Gala 2024 draws celebrities in historic & innovative styles |
|
|
ICE cotton resilient amid market uncertainties; eyes on key reports |
|
|
NCTO outlines steps for US to reverse fall in textile manufacturing |
|
|
ICE cotton faces heavy selling; prices drop despite positive factors |
|
|
Euro area seasonally-adjusted Mar unemployment rate 6.5%; 6% for EU |
