Published on 20 Dec 2024 on Benzinga
US-Listed Chinese Stocks Fall As China's Central Bank Keeps Key Rates Steady
On Friday, China’s central bank, the People’s Bank of China (PBOC), decided to maintain its main benchmark lending rates amid efforts to support economic growth while managing a weakening yuan.
The one-year loan prime rate (LPR) remains at 3.1%, while the five-year LPR is steady at 3.6%, influencing corporate loans, household lending, and mortgages.