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China Keeps Lending Benchmark Rates Unchanged, as Expected

Senin, 20 November 2023 / 08:59 WIB
China Keeps Lending Benchmark Rates Unchanged, as Expected
ILUSTRASI. A woman wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File Photo GLOBAL BUSINESS WEEK AHEAD

Sumber: Reuters | Editor: Yudho Winarto

KONTAN.CO.ID - SHANGHAI/SINGAPORE. China kept benchmark lending rates unchanged at a monthly fixing on Monday, matching market expectations, as a weaker yuan continued to constrain further monetary easing and after the central bank kept its medium-term policy rate steady.

The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 4.20%.

Baca Juga: Global Markets-Asia Off to Slow Start, Lot of Easing Already Priced In

In a poll of 26 market watchers conducted last week, all participants predicted no change to either the one-year or five-year LPRs.

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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