China stands pat on lending benchmarks for eighth month in April

SHANGHAI/SINGAPORE¬† – China kept its benchmark lending rates unchanged for the eighth month in April on Thursday, matching market expectations. The one-year loan prime rate (LPR) was kept at 3.65 percent, while the five-year LPR was unchanged at 4.3. percent. In a Reuters poll of 30 market watchers conducted this week, 27 predicted no change … Continue reading China stands pat on lending benchmarks for eighth month in April