SHANGHAI/SINGAPORE (Reuters) - China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations.
The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 3.95%.
In a Reuters survey of 30 market participants conducted last week, all respondents expected both rates to stay unchanged.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
(Reporting by Winni Zhou and Tom Westbrook; Editing by Sam Holmes)
Did you find this insightful?
Bad
Just Okay
Amazing