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China's central bank left its benchmark lending rates unchanged on Monday as any additional easing could weaken the currency. As expected, the People's Bank of China kept the one-year loan prime rate, or LPR, unchanged at 3.
China retained its benchmark lending rates for the seventh straight month on Monday after a surprise reserve requirement ratio reduction last week. The People's Bank of China left its one-year loan prime rate, or LPR, unchanged at 3.
China’s one-year loan prime rate (LPR) was kept at 3.65 per cent, while the five-year LPR was also left unchanged, but despite recovering economic momentum, some analysts expect rates will ease after the ‘two sessions’ in March.
Update: China cuts benchmark lending rate LPR-
China’s central bank on Monday cut both the one-year and five-year loan prime rates, continuing its policy divergence from the US Federal Reserve ahead of this week’s annual economic symposium in Jackson Hole.