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 decided to keep the Loan Prime Rate unchanged at 3.45%. This decision may have implications for various financial markets, including those involving US-listed ETFs with exposure to Chinese markets.
May 20, 2024 | 4:19 am
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The People's Bank of China has kept the Loan Prime Rate unchanged at 3.45%, which could stabilize investor sentiment towards Chinese markets. This may positively impact the iShares China Large-Cap ETF (FXI) in the short term.
The decision to keep the Loan Prime Rate unchanged suggests a stable monetary policy environment in China, which could be seen as a positive signal by investors. This stability may lead to increased confidence in Chinese equities, benefiting ETFs like FXI that have significant exposure to the Chinese market.
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