The rate decision reflected continued economic recovery from coronavirus shocks in the world’s second-largest economy, and comes after the central bank made its biggest ever injection of medium-term funds last week to shore up liquidity. Photo: Reuters The rate decision reflected continued economic recovery from coronavirus shocks in the world’s second-largest economy, and comes after the central bank made its biggest ever injection of medium-term funds last week to shore up liquidity. Photo: Reuters
The rate decision reflected continued economic recovery from coronavirus shocks in the world’s second-largest economy, and comes after the central bank made its biggest ever injection of medium-term funds last week to shore up liquidity. Photo: Reuters
China economy
Economy /  China Economy

China ‘unsurprisingly’ keeps benchmark loan rate unchanged for eighth straight month ahead of ‘hike’ in 2021

  • The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent
  • Last week, China’s top policymakers pledged to continue ‘necessary support’ for the nation’s economic recovery

Topic |   China economy
Reuters
Reuters

Updated: 10:47am, 21 Dec, 2020

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The rate decision reflected continued economic recovery from coronavirus shocks in the world’s second-largest economy, and comes after the central bank made its biggest ever injection of medium-term funds last week to shore up liquidity. Photo: Reuters The rate decision reflected continued economic recovery from coronavirus shocks in the world’s second-largest economy, and comes after the central bank made its biggest ever injection of medium-term funds last week to shore up liquidity. Photo: Reuters
The rate decision reflected continued economic recovery from coronavirus shocks in the world’s second-largest economy, and comes after the central bank made its biggest ever injection of medium-term funds last week to shore up liquidity. Photo: Reuters
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