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 !
Already have an account? Sign In