China’s central bank trims 1-year rate, but unexpectedly leaves 5-year rate unchanged

Home » Blog » China’s central bank trims 1-year rate, but unexpectedly leaves 5-year rate unchanged

August 21, 2023August 21, 2023

Most household and corporate loans in China are based on the PBOC’s one-year loan prime rate, while mortgages are pegged to the five-year rate.

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