# China's yuan edges up as unchanged key lending rates offer no surprise | Financial Post

> The People's Bank of China kept its one-year and five-year loan prime rates unchanged at 3.65% and 4.30% for the fourth straight month. The yuan nudged higher against the dollar after trading lower early in the session. Analysts expect future LPR cuts to be modest and targeted at real estate.

- Date: 2022-12-20 · published 2022-12-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38450-china-s-yuan-edges-up-as-unchanged-key-lending-rates-offer-no-surprise
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Steady Chinese lending rates signal no near-term stimulus surge, which limits the boost to Chinese industrial and feed demand. The yuan's small move has little direct effect on feed prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-01-28 | [China's yuan inches up as tight liquidity pushes interbank rates higher \| Financial Post](https://feedsoft.ai/events/49361-china-s-yuan-inches-up-as-tight-liquidity-pushes-interbank-rates-higher.md) | -0.3% | -0.4% |
| USDCNY | 2022-06-29 | [China's yuan firms as Beijing eases quarantine rules \| Financial Post](https://feedsoft.ai/events/41167-china-s-yuan-firms-as-beijing-eases-quarantine-rules-financial-post.md) | 0.0% | +0.7% |
| USDCNY | 2021-04-22 | [China's yuan nears six-week high as U.S. yields ease \| Financial Post](https://feedsoft.ai/events/47810-china-s-yuan-nears-six-week-high-as-u-s-yields-ease-financial-post.md) | -0.2% | -0.9% |
| USDCNY | 2020-03-10 | [Yuan edges up as virus spread slows, Xi visits Wuhan \| Financial Post](https://feedsoft.ai/events/10773-yuan-edges-up-as-virus-spread-slows-xi-visits-wuhan-financial-post.md) | +0.7% | +2.1% |
| USDCNY | 2024-08-05 | [As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom \| South China Morning Post](https://feedsoft.ai/events/7430-as-stock-sell-off-sweeps-asia-china-s-yuan-surges-as-us-rate-cuts-loom-south.md) | +0.1% | -1.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-yuan-edges-up-as-unchanged-key-lending-rates-offer-no-surprise

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.