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 impact various financial instruments, including the iShares China Large-Cap ETF (FXI).
June 20, 2024 | 4:24 am
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The People's Bank of China has kept the Loan Prime Rate unchanged at 3.45%, which could influence the performance of the iShares China Large-Cap ETF (FXI).
The decision to keep the Loan Prime Rate unchanged suggests stability in China's monetary policy, which could lead to a neutral short-term impact on the iShares China Large-Cap ETF (FXI). Investors may see this as a sign of steady economic conditions in China.
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