China leaves lending benchmark LPR unchanged for 8th straight month

FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee

SHANGHAI (Reuters) – China left its benchmark lending rate for corporate and household loans steady for an eight straight month at its December fixing on Monday, matching market expectations.

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

For the year, the one-year LPR was down a total 30 basis points of rate cuts, and the five-year rate was cut by 15 bps of two cuts in 2020.

Reporting by Winni Zhou and Andrew Galbraith; Editing by Tom Hogue

source: reuters.com

🕐 Top News in the Last Hour By Importance Score

#	Title	📊 i-Score
1	Ukraine captures two Chinese nationals fighting for Russia	🟢 85 / 100
2	Does Colossal Biosciences’ dire wolf creation justify its $10B+ valuation?	🟢 85 / 100
3	Trump presses ahead with global trade war despite calls to reconsider	🟢 85 / 100
4	Amy Coney Barrett: 5 Things to Know About the Supreme Court Judge	🔴 75 / 100
5	Fake job seekers are flooding U.S. companies that are hiring remote, tech CEOs say	🔴 75 / 100
6	Meta adds new age-based restrictions to Facebook, Messenger to curb inappropriate content	🔴 75 / 100
7	Common Fire TV Stick myths busted as the 'real dangers' of illegal streaming exposed	🔴 72 / 100
8	China explodes at JD Vance over 'peasants' jibe with two-word swipe	🔴 65 / 100
9	Italy and Greece travel warning: Aviation worker strikes set to impact flights tomorrow	🔵 55 / 100
10	1 year since the Great North American Eclipse — Here's how the 2026 total eclipse will compare	🔵 45 / 100

View More Top News ➡️