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China: China's central bank keeps benchmark interest rate at 3.1%
China - January 20, 2025 The People's Bank of China (PBOC) announced Monday that it will keep its benchmark interest rate at 3.1% for the fourth consecutive month, in line with analysts' expectations of no change. The one-year prime lending rate (LPR) will remain at this level for at least another month, according to the central bank's monthly update. The LPR, introduced in 2019, serves as a benchmark for pricing new loans, especially for corporates, and variable-rate loans still in amortization. Camera: WU HAO. FOOTAGE SHOWS THE BANK OF CHINA AND THE STREETS OF BEIJING, CHINA. [Restrictions: Spain, Latin America, or the U.S. Hispanic market]
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Stories not Stock: 3 Reasons Why You Should Use UGC Instead of Stock Video
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