<\/p>\n
Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers\u2019 space for easing.<\/p>\n
The one-year loan prime rate (LPR) was maintained at 3.45 per cent, according to a statement from the People\u2019s Bank of China (PBOC).<\/p>\n
The five-year rate, a reference for long-term loans including mortgages, was maintained at 3.95 percent.<\/p>\n
The LPRs are based on the interest rates that 20 banks offer their best customers. They are quoted as a spread over the central bank\u2019s one-year policy rate, or the medium-term lending facility rate, which the PBOC left unchanged for the 10th month earlier this week.<\/p>\n
The central bank is holding interest rates because lowering them would widen China\u2019s policy divergence with the Federal Reserve, which is expected to keep rates higher for longer and exacerbate the pressure on the yuan.<\/p>\n
However, weak borrowing demand and the economy\u2019s longest deflationary streak since the 1990s make the case for lower borrowing costs to stimulate demand.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers\u2019 space for easing. The one-year loan prime rate (LPR) was maintained at 3.45 per cent, according to a statement from the People\u2019s Bank of China (PBOC). The five-year rate, a reference for long-term loans including mortgages, […]<\/p>\n","protected":false},"author":1,"featured_media":1911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/China-Bank-44-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/China-Bank-44-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/China-Bank-44-300x214.jpeg",300,214,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/China-Bank-44.jpeg",1260,900,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1910"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1910\/revisions"}],"predecessor-version":[{"id":1912,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1910\/revisions\/1912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1911"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}