In line with expectations, China kept its benchmark lending rate (LPR) constant for companies and households in November. The People's Bank of China has kept the benchmark interest rate unchanged for 19 months.
Accordingly, the one-year loan prime rate (LPR) remained constant at 3.85 percent and the 5-year LPR at 4.65 percent.
EXPECTATION WAS NO CHANGE
A survey by Reuters last week showed that 21 out of 23 respondents expected no change in either ratio.
Most new and existing loans in China are priced at a one-year LPR, while home loans are priced at a 5-year LPR.
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