Chinese Banks Keep Lending Rate Unchanged After PBOC Hold

-- Chinese banks left their benchmark lending rates unchanged following the central bank’s decision last week to hold a key rate on loans it offers to lenders.Gantz Says He’ll Quit Unless Netanyahu Moves to New War PlanThe one-year loan prime rate was held at 3.45% on Monday as expected by economists surveyed by Bloomberg . The five-year rate, a reference for mortgages, was kept at 3.95%, according to the People’s Bank of China, in line with forecasts.

China on Friday started selling the first batch of what will be 1 trillion yuan special sovereign bonds, in a move to keep up infrastructure investment. Provincial governments are also accelerating the issuance of local notes. Ann, 67, moved with her husband to Portugal after scraping together money to pay their expenses in the US. Their quality of life is much better now.XThe Biden campaign gleefully turned one of Donald Trump’s favorite digs against him on Saturday, branding the 78-year-old candidate as woefully geriatric in response to his embarrassing stumble at a Minnesota rally on Friday.

On May 18, 1944, Allied troops captured Monte Cassino in Italy, celebrated for its historic hilltop abbey, after four months of bitter fighting. The soldiers of the French Expeditionary Corps particularly distinguished themselves in the battle for this key point in the German defensive line. But their military honours are now marred by accusations of war crimes. “Garigliano is a great victory ... France will know one day. She will understand.

Source: Loan Digest (loandigest.net)

Mortgage Rates Benchmark Lending Rates Chinese Banks

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