Reported Earlier, China Loan Prime Rate 5Y For June Unchanged At 3.95%
Portfolio Pulse from Benzinga Newsdesk
China's Loan Prime Rate (LPR) for 5 years remains unchanged at 3.95% for June. This decision could impact various sectors, including those tracked by the iShares China Large-Cap ETF (FXI).
June 20, 2024 | 4:24 am
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The iShares China Large-Cap ETF (FXI) may experience stability in the short term as China's 5-year Loan Prime Rate remains unchanged at 3.95% for June.
The unchanged Loan Prime Rate suggests a stable economic policy environment in China, which could lead to stability in the sectors tracked by FXI.
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