Chinese Loan Prime Rate 5Y (Feb) 3.50% vs. Exp. 3.50% (Prev. 3.50%)
The Chinese Loan Prime Rate (LPR) for 5 years was released at 3.50%, in line with expectations and unchanged from the previous month.
Chinese Loan Prime Rate 1Y 3% vs. Exp. 3% (Prev. 3%)
Chinese Loan Prime Rate 5Y (Feb) 3.5% vs. Exp. 3.5% (Prev. 3.5%)
Chinese Loan Prime Rate 5Y (Feb) 3.50% vs. Exp. 3.50% (Prev. 3.50%)
South Korea and US are reportedly at odds over war games’ scale with the US pushing back on South Korea's request for smaller drills, forcing the postponement of a major joint military briefing, according to SCMP
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: United Overseas Bank (UOB SP) Q4 (SGD) net profit fell 7% Y/Y to 1.41bln, total income declined 5% to 3.29bln, NII fell 4% to 2.35bln
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This steady rate suggests that the People's Bank of China (PBoC) is maintaining its current monetary policy stance amid economic conditions, which may signal stability for lending conditions but could also imply limited further easing in the near term. Market participants should consider how this might influence sentiment around Chinese economic growth and investment flows into the region.
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