China leaves benchmark lending rates unchanged, as expected
Tweet
Share
E-mail
A man walks past the headquarters of the People's Bank of China, in Beijing, China May 7, 2025. REUTERS/Tingshu Wang
SHANGHAI, Jan 20 (Reuters) - China left benchmark lending rates unchanged for an eighth consecutive month in January on Tuesday, matching market expectations.
The one-year loan prime rate (LPR) was kept at 3.0%, while the five-year LPR was unchanged at 3.5%.
In a Reuters survey of 22 market participants conducted last week, all participants predicted no change to either of the two rates.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
(Reporting by Shanghai Newsroom; Editing by Christian Schmollinger)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Search teams comb rubble in Colombia nearly a week after quake as aid effort expands
- Zambia's Hichilema leads presidential vote count
- India opens tax amnesty scheme for small taxpayers with undisclosed foreign assets
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
