China keeps lending benchmark LPR steady for fourth straight month, in line with market

📆 20/08/2020 08:10:00
📰 Reuters

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China kept its benchmark lending rate for corporate and household loans steady as expected for the fourth straight month at its August fixing on Thursday.

The one-year loan prime rate CNYLPR1Y=CFXS was kept unchanged at 3.85%, while the five-year LPR CNYLPR5Y=CFXS remained at 4.65%.

Twenty-eight traders and analysts out of 31 participants in the snap survey conducted by Reuters this week had predicted no change to the either rates. MLF, one of the PBOC’s main tools in managing longer-term liquidity in the banking system, serves as a guide for the LPR.

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Look, has anyone actually been to China? Starting to think it's not really a real country LOL

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