Stock News Hubb
Advertisement Banner
  • Home
  • Stock Market & Insights
  • Investment
  • Contact
No Result
View All Result
  • Home
  • Stock Market & Insights
  • Investment
  • Contact
No Result
View All Result
No Result
View All Result
Home Stock Market & Insights

China’s central bank keeps benchmark lending rates unchanged

admin by admin
January 20, 2023
in Stock Market & Insights


China’s central bank on Friday kept its benchmark interest rates unchanged as the Chinese economy recovered from the country’s COVID reopening quicker than expected.

The People’s Bank of China kept the one-year loan prime rate at 3.65% and five-year LPR at 4.3%, both unchanged from last month.

The hold on the benchmark loan rates for the fifth month in a row was widely expected after the central bank kept the medium-term lending facility, which is used to price LPR, steady earlier this week.

Chinese health authorities said in recent weeks that COVID infections may have peaked after the country reopened from three years of stringent restrictions last month. Domestic travel and spending data have gradually improved, with people venturing out ahead of the Lunar New Year holiday that starts Saturday in mainland China.



Source link

Tags: article_normalEconomic Newsgeneral newsHealthInfectious DiseasesInterest RatesMedical ConditionsMonetary PolicyNovel CoronavirusespoliticalPolitical/General NewsRespiratory Tract Diseases
Previous Post

The Buckle Stock: If You’re Going To Shop, Shop Denim (NYSE:BKE)

Next Post

This Stock Is Trending Higher: Why You Should Watch It | Don’t Ignore This Chart!

Next Post

This Stock Is Trending Higher: Why You Should Watch It | Don't Ignore This Chart!

Recommended

Buy This TSX Stock Deal (Before Everyone Else Does)

2 months ago

CEF Insights Quarterly Review: January 2023 Interview – Tom Roseen

2 weeks ago

© 2022 Stock News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Stock Market & Insights
  • Investment
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Stock Market & Insights
  • Investment
  • Contact

© 2022 Stock News Hubb All rights reserved.