PBOC Maintains Main Rate at 3.85%

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.