Yuan extends rebound after China maintains 1-yr and 5-yr LPR

As reported by the National Interbank Funding Center today, China’s one-year loan prime rate retains is unchanged 3.45%. Similarly, the over-five-year LPR, a critical determinant of mortgage rates, is also steady at 4.2%. The LPR, derived from the quotations by various banks with adjustments based on the open-market operation rates, serves as a pivotal indicator […]

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