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%.

January 22, 2024 | 5:36 am
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FXI, an ETF tracking Chinese large-cap stocks, may see limited short-term impact as the PBOC maintains its Loan Prime Rate at 3.45%.
The decision by the People's Bank of China to keep the Loan Prime Rate unchanged is a signal of stability in the Chinese financial policy. This may not lead to immediate significant changes in investor sentiment towards Chinese large-cap stocks, which FXI represents. However, it does maintain a status quo which could be seen as a neutral factor for the ETF in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50