{
  "id": 15689133,
  "title": "Confirmed: PBOC leaves Loan Prime Rates unchanged in October",
  "url": "https://urgent.news/2026/10/20/confirmed-pboc-leaves-loan-prime-rates-unchanged-in-october",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T01:02:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/confirmed-pboc-leaves-loan-prime-rates-unchanged-in-october-202610200102"
  },
  "original_language": "en",
  "account": "On Tuesday, the People's Bank of China (PBOC) announced that it would maintain its Loan Prime Rates (LPRs) at 3.00% for one-year and 3.50% for five-year durations. China's central bank, which operates under the guidance of the state and the Chinese Communist Party, aims to maintain price stability and promote economic growth. The PBoC employs a range of monetary policy instruments, including the seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), and foreign exchange interventions, to achieve its objectives. The LPR serves as China's benchmark interest rate, affecting loan, mortgage, and savings rates in the market. Despite the presence of 19 private banks, including digital lenders WeBank and MYbank, the central bank remains the dominant force in the financial system.",
  "summary": "The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Tuesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
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        "url": "https://urgent.news/2026/10/20/south-korea-central-bank-to-hold-rates-on-october-22-hike-in-november",
        "published": "2026-10-20T00:42:38.000Z"
      },
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        "url": "https://urgent.news/2026/10/20/keppel-reit-to-buy-51-stake-in-keppel-south-central-for-610-9-million",
        "published": "2026-10-20T01:03:00.000Z"
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      {
        "outlet": "The Business Times - Companies & Markets",
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        "url": "https://urgent.news/2026/10/20/south-korea-japan-shares-fall-as-asian-stocks-decline-in-break-from",
        "published": "2026-10-20T01:58:26.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned",
        "url": "https://urgent.news/2026/10/20/global-market-south-koreas-elice-shares-plunge-28-in-market-debut-as",
        "published": "2026-10-20T03:23:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}