The Chinese central bank announced, today, Monday, that it will fix interest rates and keep them unchanged, for the ninth consecutive month.
The bank decided to continue the main interest on the one-year initial loans at the level of 3.85%, and the interest on the initial five-year loans at the level of 4.65%, according to the Saudi Press Agency (SPA). .
The initial loan interest is set on a monthly basis based on requests from 18 banks to the Central Bank of China, although the central bank has the authority to set the interest.
