Twenty-seven traders and analysts of 30 participants in a Reuters poll this week predicted no change in either rate. Photo: AFP
China economy: benchmark loan rate kept steady for 12th straight month
- China’s one-year loan prime rate (LPR) was kept at 3.85 per cent, while the five-year LPR remained at 4.65 per cent
- Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages
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Twenty-seven traders and analysts of 30 participants in a Reuters poll this week predicted no change in either rate. Photo: AFP
