China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’

China kept its benchmark lending rate for corporate and household loans the same for a ninth straight month at its January fixing on Wednesday, matching market expectations.The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent.“Commercial banks left the loan prime rate on hold. But with monetary conditions already being tightened in practice and underlying inflation set to rebound, we think it is still likely that the [People’s…

This post was originally published on South China Morning Post.

Print Share Comment Cite Upload Translate Updates

APA

Reuters | radiofree.asia (2023-11-28T16:11:55+00:00) » China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’. Retrieved from https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/.

MLA

" » China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’." Reuters | radiofree.asia - Wednesday January 20, 2021, https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/

HARVARD

Reuters | radiofree.asia Wednesday January 20, 2021 » China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’., viewed 2023-11-28T16:11:55+00:00,<https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/>

VANCOUVER

Reuters | radiofree.asia - » China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’. [Internet]. [Accessed 2023-11-28T16:11:55+00:00]. Available from: https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/

CHICAGO

" » China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’." Reuters | radiofree.asia - Accessed 2023-11-28T16:11:55+00:00. https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/

IEEE

" » China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’." Reuters | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/. [Accessed: 2023-11-28T16:11:55+00:00]

rf:citation

» China keeps benchmark loan rate steady for ninth straight month with ‘inaction not surprising’ | Reuters | radiofree.asia | https://radiofree.asia/2021/01/20/china-keeps-benchmark-loan-rate-steady-for-ninth-straight-month-with-inaction-not-surprising/ | 2023-11-28T16:11:55+00:00

To access this feature and upload your own media, you must Login or create an account.

Add an image

Choose a Language

A Free News Initiative