Announcement of the People's Bank of China [2019] No.15
Announcement of the People's Bank of China [2019] No.15
Announcement of the People's Bank of China [2019] No.15
August 16, 2019
In order to deepen the market-oriented interest rate reform, improve the efficiency of interest rate transmission, and promote the reduction of the financing cost of the real economy, the People's Bank of China ("PBC") has decided to reform and improve the formation mechanism for market-based loan prime rates (LPR). The relevant matters are hereby announced as follows:
I. As from August 20, 2019, the PBC will authorize the National Interbank Funding Center ("NIFC") to publish the market-based LPRs at 9:30 a.m. on the 20th of each month (automatically postponed to the first working day following a national holiday or festival) which will be made open on the official website of the NIFC and of the PBC.
II.
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August 16, 2019
In order to deepen the market-oriented interest rate reform, improve the efficiency of interest rate transmission, and promote the reduction of the financing cost of the real economy, the People's Bank of China ("PBC") has decided to reform and improve the formation mechanism for market-based loan prime rates (LPR). The relevant matters are hereby announced as follows:
I. As from August 20, 2019, the PBC will authorize the National Interbank Funding Center ("NIFC") to publish the market-based LPRs at 9:30 a.m. on the 20th of each month (automatically postponed to the first working day following a national holiday or festival) which will be made open on the official website of the NIFC and of the PBC.
II.
......