SHANGHAI, March 20 (Reuters) - China kept its benchmark
lending rates unchanged for the seventh straight month in March
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 Reuters poll conducted last week, all 22 participants
predicted no change to either rates. Such unanimity has been
rare in previous surveys.
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 LPRs in August to boost the
economy.
(Reporting by Winni Zhou and Brenda Goh; Editing by Himani
Sarkar)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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