PBOC keeps LPR unchanged

China’s commercial lenders left benchmark lending rates unchanged on Monday, in line with expectations.

The one-year loan prime rate was held at 3.45%,while the five-year rate, used for mortgages, was kept at 4.2%, according to the People’s Bank of China.

It was the third straight month that the PBOC held the one-year LPR after lowering it to 3.45% from 3.55% in August.

Reporting by Frank Prenesti for Sharecast.com