China’s loan prime rates were held at 3.35% for the one-year LPR and 3.85% for the five year LPR, in line with expectations
China's central bank has left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85% respectively, in line with expectations.Wall Street's rallyThe one-year LPR acts as the benchmark for most corporate loans, and the five-year LPR serves as a reference rate for mortgages.Minutes from the Reserve Bank of Australia's August meeting were released on Tuesday. At the meeting, the bank kept its benchmark interest rate at 4.
However, the RBA warned that it was"unlikely" that rates would be reduced in the short term, adding that"it was not possible to either rule in or rule out future changes in the cash rate target." The country's consumer sentiment in August retreated from a two year high of 103.6, coming in at 100.8, with South Korean media outletthis was"due to U.S. recession woes and the subsequent stock market rout." A figure above 100 indicates that optimists outnumber pessimists.Celebrity News
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