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PBOC Maintains Main Rate at 3.85%

Adel 21 September, 2020 10:24 am Market Update

The People’s Bank of China kept its key lending rate steady at 3.85% for the fifth month in a row, as this measure was in line with expectations.

The People’s Bank of China kept the lending rate for five years at 4.65%.

Most of the new and maturing loans depend on the annual key lending rate, while the five-year average affects the pricing of mortgages.

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