SHANGHAI, Feb 20 (Reuters) - China kept its benchmark
lending rates unchanged for the sixth straight month in February
on Monday, matching market expectations.
The one-year loan prime rate (LPR) was kept
at 3.65%, while the five-year LPR was unchanged
at 4.30%.
In a poll of 27 market watchers, 21, or 78% of all
participants, predicted no change to either rate.
Most new and outstanding loans in China are based on the
one-year LPR, while the five-year rate influences the pricing of
mortgages. China last cut both rates in August to boost the
economy.
(Reporting by Winni Zhou and Brenda Goh; Editing by Kim
Coghill)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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