People's Bank Of China Loan Prime Rate Steady At 3.55%, Consistent With Forecast And Prior
Portfolio Pulse from Benzinga Newsdesk
The People's Bank of China has kept its loan prime rate steady at 3.55%, which is in line with forecasts and previous rates.

July 20, 2023 | 4:04 am
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NEUTRAL IMPACT
The steady loan prime rate from the People's Bank of China may have a neutral impact on the iShares China Large-Cap ETF (FXI) as it indicates stability in the Chinese economy.
The loan prime rate is a key interest rate in China that can influence borrowing costs and overall economic activity. A steady rate suggests stability in the economy, which can indirectly affect the performance of the iShares China Large-Cap ETF (FXI) that tracks large Chinese companies. However, the direct impact on FXI is uncertain as it depends on various other factors including individual company performance and global market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75