PBOC LEAVES LOAN PRIME RATES UNCHANGED, AS EXPECTED
The People's Bank of China announced on Monday that it maintained the Loan Prime Rate (LPR) unchanged across the time curve, as widely expected.
The Chinese central bank left the one-year and five-year LPR steady at 3.45% and 3.95%, respectively. The 5-year LPR was last cut in February by 25 basis points (bps) from 4.20% to 3.95%.
Market reaction
At the time of writing, AUD/USD is holding higher ground near 0.6441, adding 0.35% on the day.
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