PBOC keeps one-year Loan Prime Rate unchanged at 3.85% in October
|The People’s Bank of China (PBOC) kept the one-year Loan Prime Rate (LPR) unchanged at 3.85% in October while maintaining the five-year LPR at 4.65%.
The Chinese central bank left the rates unchanged for the sixth straight month.
According to the latest Reuters poll, nearly 90% of the analysts predicted no change in either the one-year LPR or the five-year tenor.
Market reaction
AUD/USD paid little attention to the PBOC rate decision, as it wallowed near three-week low sub-0.7050 on dovish RBA minutes.
The spot currently trades at 0.7039, down 0.40% on the day.
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