Advertisement
UK markets closed

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • CRUDE OIL

    82.55
    -0.26 (-0.31%)
     

  • GOLD FUTURES

    2,340.70
    +2.30 (+0.10%)
     

  • DOW

    38,007.94
    -452.98 (-1.18%)
     

  • Bitcoin GBP

    51,627.10
    -250.22 (-0.48%)
     

  • CMC Crypto 200

    1,391.46
    +8.89 (+0.64%)
     

  • NASDAQ Composite

    15,542.97
    -169.78 (-1.08%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

China keeps lending benchmark rate unchanged for 13th straight month

Reuters
·1-min read
Hazy day in Beijing

SHANGHAI (Reuters) - China kept its benchmark lending rate for corporate and household loans unchanged for the 13th straight month at its May fixing on Thursday, in line with market expectations.

The one-year loan prime rate (LPR) was kept at 3.85%. The five-year LPR remained at 4.65%.

Twenty-two traders and analysts, or 92% of all 24 participants, in a snap Reuters poll conducted this week predicted no change in either rate.

Most new and outstanding loans in China are based on the one-year LPR. The five-year rate influences the pricing of mortgages.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Jacqueline Wong)