China leaves benchmark lending rates unchanged

Reuters - 20/01
China left benchmark lending rates unchanged at the monthly fixing on Monday, as a weakening yuan has limited Beijing's monetary easing efforts.
SHANGHAI, Jan 20 (Reuters) - China left benchmark lending rates unchanged at the monthly fixing on Monday, as a weakening yuan has limited Beijing's monetary easing efforts.
The one-year loan prime rate (LPR) was kept at 3.1%, while the five-year LPR was unchanged at 3.6%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
In October 2024...
[Short citation of 8% of the original article]