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
MAFS UK star's furious ex lashes out and claims he 'abandoned her' to go on E4 show
DWP warning as Brits risk having benefits stopped or reduced
IBPS Clerk 2025 Admit Card: Admit card for Clerk Prelims exam released, exam will be held on this day..
Huge Facebook and Instagram update for users who hate being bombarded with ads
Inside America's 'scariest' motel with 6,500 clowns and spooky voices heard by guests
