The PBOC has kept the one-year loan prime rate (LPR) at 3.85 per cent, while the five-year LPR remains at 4.65 per cent. Photo: Bloomberg
The PBOC has kept the one-year loan prime rate (LPR) at 3.85 per cent, while the five-year LPR remains at 4.65 per cent. Photo: Bloomberg

China leaves key interest rate unchanged for 11th straight month as it moves to cautiously scale back economic stimulus

  • Beijing policymakers continue to worry about excess US liquidity, putting pressure on Washington to normalise policies
  • Inflation worries have already caused three emerging market central banks to raise interest rates in the past week

The PBOC has kept the one-year loan prime rate (LPR) at 3.85 per cent, while the five-year LPR remains at 4.65 per cent. Photo: Bloomberg
The PBOC has kept the one-year loan prime rate (LPR) at 3.85 per cent, while the five-year LPR remains at 4.65 per cent. Photo: Bloomberg
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