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 . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China with marking-moving information you must know. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
Already have an account? Sign In