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People's Bank of China — news, coverage & facts — IJR

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People's Bank of China

central bank of the People's Republic of China

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Finance
PBOC Holds Benchmark Lending Rates Steady
China’s central bank kept the one-year loan prime rate at 3.00% and the five-year rate at 3.50% for another month, signaling a cautious, data-driven stance that favors targeted measures over broad rate cuts while using liquidity tools to support growth and stabilize the yuan. The decision has mixed implications for borrowers and the property market, with analysts noting loans and demand have softened, but the unchanged rates help maintain financial stability and funding conditions.
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The People's Bank of China is the central bank of the People's Republic of China. It is responsible for carrying out monetary policy as determined by the PRC People's Bank Law and the PRC Commercial Bank Law.

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Country: People's Republic of China
Headquarters: Beijing, Shanghai
Inception: December 1, 1948
Website: http://www.pbc.gov.cn/