PBOC holds Loan Prime Rates steady in June; 1Y at 3.0%, 5Y at 3.5%

The People's Bank of China (PBOC) left its Loan Prime Rates (LPRs) unchanged on Monday, as expected. The one-year LPR remains at 3.00% and the five-year LPR at 3.50%.

The decision follows a period of steady policy from China's central bank and has implications for the Australian Dollar given the close trade and economic ties between the two countries. Traders will watch for any further PBOC moves that could affect currency pairs like AUD/USD.