The People’s Bank of China (PBoC) left its benchmark interest rates steady for the seventh straight month at its November fixing, after holding borrowing costs on medium-term loans earlier this week, amid efforts to keep conditions accommodative to support the recovery from the COVID-19 disruption. The one-year loan prime rate (LPR) was left unchanged at 3.85% after two cuts this year, while the five-year remained at 4.65%.
