PBOC leaves Loan Prime Rates unchanged, as expected

Dhwani Mehta FXStreet

The People's Bank of China announced on Thursday that it maintained The Loan Prime Rate (LPR) across the time curve.

The Chinese central bank left the one-year and five-year LPR unchanged at 3.55% and 4.20% respectively.

Market reaction

At the time of writing, AUD/USD is holding higher ground near 0.6800, adding 0.27% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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