China kept its benchmark lending rate for corporate and household loans steady for the fifth straight month at its September fixing on Monday, as expected.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 the pricing of mortgages.Thirty-one out of 35 traders and analysts, or nearly 90 per cent, in a snap Reuters poll conducted last week…
from South China Morning Post https://www.scmp.com/economy/china-economy/article/3102313/china-keeps-benchmark-loan-rate-steady-fifth-straight-month
Monday, September 21, 2020
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