PBOC leaves one-year loan prime rate unchanged at 3.70%, as expected


  • Prior was 3.70%
  • 5-year loan prime rate 4.45% vs 4.45% prior

There are no surprises here. In almost every case, China leaks rate moves to the press in the days leading up to a decision, just like the Fed did last week.

In other news, China today reported 38 new confirmed covid cases in mainland China versus 36 a day ago.

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