China leaves benchmark rates unchanged
China left benchmark lending rates unchanged at Friday’s monthly fixing, in line with expectations.
The one-year loan prime rate (LPR) was held at 3.10% and the five-year at 3.60%.
New and outstanding loans in China are based on the one-year LPR, while the five-year is used in the pricing of mortgages.
Reporting by Frank Prenesti for Sharecast.com