China holds benchmark lending rates as expected

NAMPA / DPA

2025-04-21

Beijing (dpa-AFX) - The People's Bank of China (PBoC) left its interest rates unchanged for the sixth successive session on Monday. The central bank retained its one-year loan prime rate at 3.10%. Likewise, the five-year LPR, the benchmark for mortgage rates, was 3.60%, unchanged from the previous month. The decision matched expectations. The bank had reduced its both LPRs by 25 basis points each in October 2024. The PBoC fixes the LPR monthly b......

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