The People’s Bank of China did not change the main loan interest rate (LPR) at its meeting on the last process day before the Chinese New Year Holiday.
In line with the market expectations, the bank kept the 1-year LPR rate at 3.65 percent and the 5-year LPR rate, which is charged as a reference for housing loans, at 4.30 percent.
The Chinese MB last changed its 1-year and 5-year LPR rates in August.
Economists expect the People’s Bank of China to lower its LPR rates at its next meeting.
