China Keeps Loan Prime Rate Unchanged
The one-year rate stayed at 3.00% and the five-year rate at 3.50%, as better-than-expected third-quarter growth eased pressure for more stimulus.
- On Tuesday, the People's Bank of China maintained its Loan Prime Rate for the 17th consecutive month, holding the one-year rate at 3.00% and the five-year benchmark at 3.50%.
- Better-than-Expected third-quarter GDP data lessened pressure for near-term monetary easing, as China's economic growth bounced off three-year lows during the quarter.
- A Reuters survey of 22 market participants conducted this week predicted both rates would remain unchanged, confirming unanimous consensus on the PBOC's decision.
- New home prices fell again in September, extending a more than three-year slump and suggesting policy support has yet to spark broad-based housing demand recovery.
- Investors are turning to a key financial forum where PBOC Governor Pan Gongsheng is due to speak for clues on monetary policy direction as Beijing targets 4.5%-5.0% growth in 2026.
22 Articles
22 Articles
In the monthly update published on its official page, the institution indicated that the preferred loan rate (LPR) for one year will remain at that level for at least another month.
The People ' s Bank of China maintained a one-year basic interest rate (LPR) of 3% annually.
The People ' s Bank of China has decided not to change the annual rate for first-class borrowers for the next month and has left it at 3%; the People ' s Bank of China has not adjusted the annual rate for first-class borrowers (LPR) for the next month; the loan rate for five years has also been maintained at 3.5 per cent; it has transferred TASS. In this way, the figures have not been adjusted to the PRC for the 17th consecutive month;…
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