Beijing, Sep 22 (EFE) .- The People’s Bank of China (BPC, central) maintained its reference rate for loans at 3.85% for the seventeenth consecutive month, the agency reported today.
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By EFE
September 21, 2021 – 11:42 PM
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The one-year benchmark lending rate (LPR) recorded its last change in April 2020, when the central bank lowered it from 4.05% in February and March.
According to the latest BPC performance, published this Wednesday, the five-year LPR also did not suffer changes, and remained at 4.65%.
This measurement is calculated from the contributions to prices of a series of banks -including small lenders that tend to have higher financing costs and greater exposure to non-performing loans-, and aims to lower the costs of borrowing and support the “real economy”.
According to the Chinese government report for 2021, released in early March, Beijing will try to maintain a “prudent” monetary policy that is “flexible, precise, appropriate and moderate” for this year.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/UJKUXMTT3FEWVENU2JYQBR7ZFE.jpg "Weather in Lima today, Wednesday September 22: Senamhi forecasts a minimum temperature of 12 ° C spring nndc | LIME")
