[Breaking] People's Bank of China Holds 'De Facto Benchmark Rate' LPR Steady at 3.45% for 1-Year Term

China's central bank, the People's Bank of China, announced on the 20th that it will keep the loan prime rate (LPR), which is effectively the benchmark interest rate, unchanged at 3.45% for a 1-year term and 3.95% for a 5-year term.