China Holds Benchmark Lending Rates As Expected

China kept its benchmark lending rates unchanged, as widely expected, on Thursday. The one-year loan prime rate was maintained at 3.85 percent and the five-year loan prime rate was kept unchanged at 4.65 percent. The one-year and five-year loan prime rates were last lowered in April 2020. The one-year loan prime rate was cut by 20 basis points and five-year rate by 10 basis points last April.Original Article