SHANGHAI (Reuters) – China left benchmark lending rates unchanged at a monthly fix on Monday as a weaker yuan capped Beijing’s monetary easing efforts.
The one-year prime interest rate (LPR) remained at 3.1%, while the five-year LPR remained unchanged at 3.6%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate affects mortgage prices.
In October 2024, Chinese lenders cut lending benchmarks by wider-than-expected margins to revive economic activity.
