Asia-Pacific markets mostly fell on Thursday as China left interest rates on one- and five-year loans unchanged.
The one-year loan interest rate serves as the benchmark for most corporate and household loans, while the five-year interest rate serves as an anchor for real estate mortgages. The one-year minimum loan interest rate (LPR) is currently 3.45 percent, while the five-year LPR is 3.95 percent.
The People’s Bank of China, the People’s Bank of China, kept the 1-year medium-term lending facility rate constant at 2,5 percent at the beginning of the…