China Keeps Benchmark Loan Rates Unchanged for 17th Month
China held the one-year loan prime rate at 3.00% and the five-year rate at 3.50% in October, in line with market expectations.
China kept its benchmark lending rates unchanged for the 17th straight month in October on Tuesday, in line with market expectations.The one-year loan prime rate (LPR) (CNYLPR1Y=CFXS) was kept at 3.00%, and the five-year LPR (CNYLPR5Y=CFXS) was unchanged at 3.50%.In a Reuters survey of 22 market p…