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(Adds context and background) SHANGHAI, Sept 20 (Reuters) — China kept its benchmark lending rates unchanged for the 16th straight month on Sunday, in line with market expectations. Why It's Important The steady loan prime rates underscored the limited scope for fresh monetary easing after some major global central ban
SHANGHAI, Sept 20 (Reuters) — China kept its benchmark lending rates unchanged for the 16th straight month on Sunday, in line with market expectations. The one-year loan prime rate was kept at 3.00%, while the five-year LPR was unchanged at 3.50%. All 21 market participants in a Reuters survey forecast no change to eit
China kept one-year LPR at 3.00% and five-year LPR at 3.50% for the 16th straight month in September, matching market expectations.