SHANGHAI/SINGAPORE, April 20 (Reuters) - China kept its
benchmark lending rates unchanged for the eighth month in April
on Thursday, 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 of 30 market watchers conducted this week,
27 predicted no change to either rates.
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 Tom Westbrook; Editing by
Christian Schmollinger)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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