Mumbai, Jan. 20 -- China's central bank kept its loan prime rates unchanged on Tuesday as the authorities focus on targeted support for specific sectors to bolster a slowing economy instead of broad policy easing.
The People's Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keeping them unchanged for an eighth straight month.
The 1-year rate influences most new and outstanding loans, while the 5-year benchmark affects mortgages.
Published by HT Digital Content Services with permission from Capital Market....