China left benchmark
lending rates unchanged today, in
line with market expectations:
- one-year loan prime rate (LPR) kept at 3.1%
- five-year LPR unchanged at 3.6%
- China widely expected to keep benchmark lending rates unchanged this week … the Reuters survey of 28 market participants had all respondents expecting the rates to stay unchanged
Most new and outstanding loans in China are based on the
one-year LPR, while the five-year rate influences the pricing of
mortgages.
This article was written by Eamonn Sheridan at www.forexlive.com. Source