SHANGHAI (Reuters) – China left benchmark interest rates unchanged at monthly setting on Wednesday, in line with market expectations, after lenders cut rates by larger-than-expected margins last month to revive inflation. economic activity.
The one-year lending prime rate (LPR) remained at 3.1% and the five-year LPR remained unchanged at 3.6%.
In a Reuters poll of 28 market participants this week, all respondents expected rates to remain unchanged.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences mortgage pricing.