China keeps benchmark lending rate unchanged for sixth straight month, as widely expected

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China kept its benchmark lending rate unchanged for the sixth consecutive month at its October fixing on Tuesday, as the world's second largest economy extended recovery from the coronavirus fallout.

The one-year loan prime rate (LPR) was maintained unchanged at 3.85 per cent, while the five-year LPR remained steady at 4.65 per cent, as widely expected by the market.

Most new and outstanding loans are based on the LPR, while the five-year rate influences the pricing of mortgages.

The LPR is a lending reference rate set monthly . . .

Sign In or Subscribe To Get Full Access.

Join Us Now

We Are Live On THE WIRE Every Trading Day. Don't Miss Out. Grab Limited-Time Welcome Offer!

See Samples

Users' reviews

Mike379 💬

"I appreciate the site because it contains all the news necessary to follow China market. With the comprehensive coverage and live updates, I no longer need to scour multiple sources. It's saved me so much time and hassle."

D. Alonso 💬

"I've been using this platform for a while now, and one thing that impresses me is regulatory updates, on both national and regional levels, which is hard to find in other sources. This kind of information really helps me get a comprehensive and deeper understanding of what's happening on the ground."

CJ 💬

"I used to rely on more general mainstream sources for China market information, but I found their coverage was often too broad and random, lacking critical details and local context. Yuan Talks' more focused and systematic approach has changed the way I stay informed. If you're serious about navigating the China market, this platform is highly recommended."

Osterman 💬

"The platform has made tracking China market incredibly easy. I can quickly access all the information I need and effortlessly navigate through the platform to stay updated on the latest developments in the Chinese market."

J. Lee 💬

"Very comprehensive website about China, realtime news, professional views, industry data etc. Perfect place to go if you need to monitor China market."

They work with us

Sign Up For Free Weekly China Market Highlights HERE !