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The People's Bank of China did not change the benchmark loan rate

In line with the expectations in the markets, the People's Bank of China did not change the benchmark loan interest rate.

The People's Bank of China did not change the benchmark loan rate

Despite the rapid depreciation of the yuan against the US dollar and the majority of central banks around the world turning to interest rate hikes, the People's Bank of China kept the 1-year main loan interest rate (LPR) at 3.65 percent at its September policy meeting today.

The 5-year LPR was also maintained at 4.30 percent.

The CBT of China also kept the medium-term policy rate unchanged last week.

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