PBOC keeps Loan Prime Rates steady, as expected

The People's Bank of China (PBOC) held the Loan Prime Rates (LPR) steady across the time horizons on Monday.

The Chinese central bank maintained the one-year and five-year LPRs steady at 3.45% and 3.95%, respectively.

The decision was in line with the market expectations. 

In February, the PBOC lowered the five-year LPR by 25 basis points (bps) from 4.20% to 3.95.