Reported Earlier, People's Bank of China Loan Prime Rate Unchanged At 3.45%
Portfolio Pulse from Benzinga Newsdesk
The People's Bank of China has kept its loan prime rate unchanged at 3.45%. This decision could influence the performance of related assets, such as the iShares China Large-Cap ETF (FXI).
October 20, 2023 | 4:53 am
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NEUTRAL IMPACT
The decision by the People's Bank of China to keep its loan prime rate unchanged could influence the performance of the iShares China Large-Cap ETF (FXI).
The loan prime rate in China can influence the performance of Chinese companies, which in turn can impact the value of ETFs like FXI that track these companies. However, the rate remaining unchanged means the impact is neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75