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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:
When 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:
The PBOC’s Loan Prime Rate (LPR):
This article was written by Eamonn Sheridan at www.forexlive.com.
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