China economy: benchmark loan rate kept steady for 12th straight month

Apr 20, 2021 | INVESTING

China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its April fixing on Tuesday, matching market expectations.The one-year loan prime rate (LPR) was kept at 3.85 per cent, while the five-year LPR remained at 4.65 per cent.Twenty-seven traders and analysts of 30 participants in a Reuters poll this week predicted no change in either rate.Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate…

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