6/20, 3:30 AM (Source: TeleTrader)
more TeleTrader news

PBoC leaves prime rates unchanged

The People's Bank of China (PBoC) announced on Monday that it decided to leave the national loan prime rates unchanged in June.

The 1-year loan prime rate was kept at 3.70%, while the 5-year prime rate stayed at 4.45%.

On June 2, PBoC's Deputy Governor Pan Gongsheng said that additional implementation of a "prudent monetary policy" will strengthen its stabilizing effect on the nation's economy and help keep it "operating within a reasonable range."

Baha Breaking News (BBN) / SP