China leaves benchmark lending rates unchanged for ninth straight month
China has maintained its key lending rates for the ninth month straight. The one-year loan prime rate remains at 3.0 percent. The five-year rate, which impacts home loans, is also unchanged at 3.5 percent. This decision was announced on Tuesday. M...
By Reuters |
ETMarkets.com
China left benchmark lending rates unchanged for a ninth consecutive month in February on Tuesday.
The one-year loan prime rate (LPR) was kept at 3.0%, while the five-year LPR was unchanged at 3.5%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
The one-year loan prime rate (LPR) was kept at 3.0%, while the five-year LPR was unchanged at 3.5%.
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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