[Breaking] People's Bank of China Freezes Loan Prime Rate... 1-Year at 3.45%

The People's Bank of China, the central bank, has kept the loan prime rate (LPR), which is the 'de facto benchmark interest rate,' unchanged.

On the 20th, the People's Bank of China announced that it would maintain the 1-year LPR at 3.45% and the 5-year LPR at 4.20%.

[Image source=Yonhap News]