As predicted, China maintains lending benchmarks unchanged

China maintains benchmark lending rates at monthly fixing, meeting market expectations.

The one-year loan prime rate (LPR) remains at 3.55 percent, while the five-year LPR remains unchanged at 4.2 percent.

In a recent poll of 26 market analysts, all participants predicted no change to either rate.

Most new and existing loans in China are based on the one-year LPR, while the five-year rate influences mortgage pricing. China previously reduced both LPRs in June to stimulate the economy.

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