China kept benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations.
The one-year loan prime rate (LPR) was kept at 3.0% on Monday, while the five-year LPR was unchanged at 3.5%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
In a Reuters survey of 20 market participants conducted last week, all participants predicted no change to either of the two rates despite a recent spate of weak economic data.
The one-year loan prime rate (LPR) was kept at 3.0% on Monday, while the five-year LPR was unchanged at 3.5%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
In a Reuters survey of 20 market participants conducted last week, all participants predicted no change to either of the two rates despite a recent spate of weak economic data.
You may also like
The time to decriminalise defamation has come: SC
Midair scare as flyer enters cockpit code
Indore: Notorious Burglar Involved In 31 Thefts Arrested; Stolen Goods Worth ₹1 Crore Recovered
President of Indonesia announces country ready to send troops to Gaza
Tylenol makers hit back as Donald Trump issues advice to pregnant women about autism
