China keeps benchmark lending rates unchanged as expected in June

by Aurelia Butler 20 June 2022, 01:26 139 Views

The one-year loan prime rate (LPR) was kept at 3.70%, and the five-year LPR was unchanged at 4.45%.

About 90% of traders and analysts in a Reuters survey last week expected China to both rates unchanged, as global central bank tightening limits room for policy manoeuvre to arrest an economic slowdown.

Most new and outstanding loans in China are based on the one-year LPR. The five-year rate influences the pricing of mortgages.

Source: Economy - investing.com

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China keeps benchmark lending rates unchanged as expected in June

IMF delegation visits crisis-hit Sri Lanka with time running out

Central banks and markets share a secular awakening

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