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Bank Of China

China Keeps Benchmark Lending Rates Unchanged for 4th Consecutive Month

Bank Of China
A woman wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus,

KONTAN.CO.ID - SHANGHAI. China kept its benchmark lending rates unchanged for the fourth consecutive month on Tuesday, matching expectations, but markets increasingly see further monetary easing to prop up a slowing economy.

The one-year loan prime rate (LPR) was kept at 3.65%, while the five-year LPR was unchanged at 4.30%.

In a poll of 27 market watchers, 17 or 63% of participants predicted no change to either rate, but expectations for monetary easing are rising.

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