China maintained its benchmark lending rates on Monday for the sixth consecutive month, aligning with market projections.
The one-year loan prime rate (LPR) remained at 3.1%, and the five-year LPR steadied at 3.6%. A recent Reuters survey involving 31 market analysts revealed that 27 participants, representing 87%, anticipated that both rates would stay unchanged.
The one-year LPR is pivotal for most new and existing loans within the country, whereas the five-year rate primarily affects mortgage pricing. In response to efforts to stimulate economic growth, lenders had previously enacted significant cuts to lending benchmarks in October 2024, exceeding market expectations.
