China keeps interest rate constant
Central Bank's 1-year loan prime rate at 3.1% and over-5-year rate at 3.6%
By Gokhan Ergocun
ISTANBUL (AA) - China's Central Bank kept its policy interest rate constant on Wednesday.
The bank's one-year loan prime rate was at 3.1% and the over-five-year rate was at 3.6%.
In October, the People’s Bank of China has lowered its policy interest rate by 25 basis points to 3.1%, more than market expectations.
The bank lowered the rate from 3.45% to 3.35% in July and kept it constant during August and September.
The annual inflation rates have been decreasing from 0.6% to 0.3% from August to October in the country gradually.
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