Asia-Pacific markets are mostly lower as China keeps benchmark lending rates steady
2024-06-20 09:18:42 source：CNBC
June 19, 2024
Asia-Pacific markets were mostly lower on Thursday as China kept its one- and five-year loan prime rates unchanged.
The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%.
Earlier this week, the People’s Bank of China kept the 1-year medium-term lending facility rate steady at 2.5%.
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