China’s central bank retained its interest rate for new corporate loan on Monday despite economic growth easing to the lowest level in nearly three decades. The People’s Bank of China left the one-year loan prime rate unchanged at 4.20 percent. The five-year lending rate was also maintained at 4.85 percent. The loan prime rate is fixed monthly based on the submission of 18 banks.
Read Full Story
Latest posts by Top News Editor (see all)
- China Cuts Loan Prime Rate To Support Credit Growth - November 20, 2019
- Dollar Steady Ahead Of Fed Minutes - November 19, 2019
- U.S. Housing Starts Show Substantial Rebound In October - November 19, 2019