Press "Enter" to skip to content

CHECK THE WIRE FOR LIVE UPDATES

China keeps benchmark lending rate unchanged for third straight month as economy recovers further

China kept its benchmark lending rate unchanged for the third straight month on Monday, matching market expectations, amid signs that the world’s second-largest economy is recovering from the shock coronavirus pandemic.

The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent.

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

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 utilizing a network of journalists, traders, brokers, analysts, etc.  Here are some screenshots of the wire updates.
  • IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
  • DETAILS - We bring you important details that you won't find elsewhere.
  • WEEKLY NEWSLETTER with Editors' Picks

GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top