By Tuba Ongun
The People’s Bank of China on Thursday left benchmark lending rates unchanged at record lows, aligning with market expectations.
The one-year loan prime rate (LPR), the medium-term lending facility used for most corporate and household loans – stands at 3.45% while the five-year LPR, the peg for mortgages, remains 3.95%.
Earlier this week, the bank held the 1-year medium-term lending facility rate steady at 2.5% for the tenth month.