China's one-year loan prime rate (LPR), a market-based benchmark lending rate, has been pegged at 3.65 per cent, unchanged from March. Its central bank injected funds into the financial system through open market operations today to keep liquidity reasonable and ample in the banking system.The People's Bank of China (PBOC) has conducted 34 billion yuan (about $4.93 billion) of seven-day reverse repos at an interest rate of 2 per cent, an official news outlet reported.
China's one-year loan prime rate (LPR), a market-based benchmark lending rate, has been pegged at 3.65 per cent, unchanged from March.
Its central bank injected funds into the financial system through open market operations today to keep liquidity reasonable and ample in the banking system.
The over-five-year LPR also remained unchanged at 4.3 per cent.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.3 per cent, according to the National Interbank Funding Centre.
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