The People’s Bank of China kept the lending benchmark interest rate constant in December, as it did in the past three months.
In line with the market expectations, the People’s Bank of China kept the 1-year loan introductory interest rate (LPR) at 3.65 percent and the 5-year interest rate at 4.30 percent.
In his assessment, ANZ’s senior analyst in China, Xing Zhaopeng, stated that household spending would not increase unless interest rates change. Spoke.
Xing said it was a bit of a surprise to him that LPR rates were not lowered but stressed that markets will now pay attention to other policy measures.
