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
Opposition hits out at govt over Wangchuk's arrest
Dwayne 'The Rock' Johnson admits he's 'not a big therapy guy' after mental health battle
Harry Kane breaks silence on transfer back to Premier League after Man Utd and Spurs noise
Voter registered in multiple seats can't contest polls: Supreme Court
School infestation horror as mice 'found in bags' and 'flies swarm Edinburgh building'
