News: 2024.03.20
The People's Bank of China announced on Wednesday that it would keep the benchmark lending rate (LPR) unchanged for each cycle. The People's Bank of China kept the one-year and five-year loan benchmark interest rates unchanged at 3.45% and 3.95% respectively. This decision is in line with market expectations and shows the central bank's confidence in the current economic situation.
The People's Bank of China's decision demonstrates their confidence in the current economic situation. By keeping the benchmark lending rate unchanged, the central bank sends a signal of stability, which helps maintain market confidence and promote economic growth.
The market reacted positively to the People's Bank of China's decision. Both stock and currency markets performed stably, with investors feeling optimistic about the prospects for China's economy. This will also help attract more investment into the Chinese market.
The decision of the People's Bank of China has laid a good foundation for future economic development. As the domestic and international situation changes, the central bank will continue to pay close attention to market conditions and take appropriate measures to support economic growth.