PBOC lowers one-year lending rate to 4.20% vs. 4.25% previous

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) slashed it monthly one-year lending rate (LPR) to 4.20% vs. 4.25% previous.

Meanwhile, the Chinese central bank set the 5-year LPR unchanged at 4.85%.

The AUD/USD pair fails to benefit from the above headlines that suggests some stimulus from China, in terms of cheaper borrowing. The spot keeps its range below 0.68 handle amid Mid-East flare up and renewed US-China trade worries.

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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