Created
: 2025.04.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
PBOC leaves Loan Prime Rates unchanged in April
Breaking news
PBOC leaves Loan Prime Rates unchanged in April
New
2025.04.21 10:06
2025.04.21 10:06
2025.04.21 10:06
The People's Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.10% and 3.60%, respectively.
Market reaction
At the time of writing, the AUD/USD pair is trading 0.20% higher on the day to trade at 0.6389.
PBOC FAQs
The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China's central bank also aims to implement financial reforms, such as opening and developing the financial market.
The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC's management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts.
Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), foreign exchange interventions and Reserve Requirement Ratio (RRR). However, The Loan Prime Rate (LPR) is China's benchmark interest rate. Changes to the LPR directly influence the rates that need to be paid in the market for loans and mortgages and the interest paid on savings. By changing the LPR, China's central bank can also influence the exchange rates of the Chinese Renminbi.
Yes, China has 19 private banks - a small fraction of the financial system. The largest private banks are digital lenders WeBank and MYbank, which are backed by tech giants Tencent and Ant Group, per The Straits Times. In 2014, China allowed domestic lenders fully capitalized by private funds to operate in the state-dominated financial sector.
Last updated
: 2025.04.21
Related articles
EU mulls tweaking methane rules for US gas to help trade talks - Reuters
36 minutes agoEUR/JPY gathers strength above 162.00 amid trade-related uncertainty
45 minutes agoGBP/USD Price Forecast: Rises toward 1.3400 barrier near seven-month highs
53 minutes agoUSD/CHF breaks below 0.8100 near 14-year lows due to rising US economic concerns
2025.04.21 12:49FX option expiries for Apr 21 NY cut
2025.04.21 12:48USD/CAD falls to near 1.3800, downside seems limited due to weaker Oil prices
2025.04.21 12:11
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Silver Price Forecast: XAG/USD bulls might await move beyond $33.00 before placing fresh bets
Silver (XAG/USD) attracts some dip-buyers at the start of a new week and touches an intraday high, around the $32.80 region during the Asian session.
New
2025.04.21 14:03EU mulls tweaking methane rules for US gas to help trade talks - Reuters
Citing three sources familiar with the matter, Reuters reported on Monday that the European Union (EU) is contemplating options to alter its methane emissions rules, making it easier for the United States (US) to comply with its gas exports.
New
2025.04.21 13:54EUR/JPY gathers strength above 162.00 amid trade-related uncertainty
The EUR/JPY cross trades in positive territory for the fourth consecutive day near 162.20 during the Asian trading hours on Monday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid encouraging signals of trade talks between the US and the European Union.
New
2025.04.21 13:45Gold price continues scaling new record highs amid trade jitters, bearish USD
Gold price (XAU/USD) regains strong positive traction following Friday's modest downtick and climbs to a fresh all-time peak, closer to the $3,400 mark at the start of a new week.
New
2025.04.21 13:39GBP/USD Price Forecast: Rises toward 1.3400 barrier near seven-month highs
The GBP/USD pair continues its winning streak that began on April 8, trading around 1.3370 during the Asian hours on Monday. Daily chart technical analysis points to a continued bullish trend, with the pair advancing within an ascending channel pattern.
New
2025.04.21 13:37USD/CHF breaks below 0.8100 near 14-year lows due to rising US economic concerns
The USD/CHF pair dropped to 0.8069 during Monday's Asian session, marking its lowest level since September 2011, and is trading around 0.8090. The US Dollar (USD) remains under pressure, weighed down by growing fears of economic fallout from the recently imposed US tariffs.
New
2025.04.21 12:49FX option expiries for Apr 21 NY cut
FX option expiries for Apr 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.04.21 12:48USD/CAD falls to near 1.3800, downside seems limited due to weaker Oil prices
USD/CAD depreciates after registering gains in the previous session, trading around a six-month low at 1.3802 during the Asian hours on Monday. The pair faces headwinds due to the weaker US Dollar (USD), remaining under pressure due to mounting concerns over the US economic fallout from US tariffs.
New
2025.04.21 12:11WTI trades with intraday losses below $63.00 amid progress in US-Iran nuclear talks
West Texas Intermediate (WTI) US Crude Oil prices kick off the new week on a weaker note and for now, seems to have snapped a two-day winning streak to a near two-week high - levels just above the $64.00 mark touched on Friday.
New
2025.04.21 12:06Breaking: EUR/USD rallies hard to reclaim 1.1500 for first time since November 2021
EUR/USD rallies over 1% in Asian trading on Monday as the relentless selling interest in the US Dollar (USD) paves the way for the major to clear the 1.1500 threshold for the first time since November 2021.
New
2025.04.21 11:53Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
