China seen standing pat on lending LPR benchmark for 11th month

TheStar Fri, Mar 19, 2021 03:38pm - 3 years View Original


SHANGHAI: China's benchmark lending rate is expected to stay steady for the 11th straight month at its March fixing on Monday, a Reuters survey showed, as authorities show no rush to tighten policy even as the economy builds on a post-pandemic recovery.

Twenty-nine traders and analysts, or 97% of all 30 participants, in a snap Reuters poll conducted this week predicted no change in either the one-year Loan Prime Rate (LPR) or the five-year tenor.

The lone respondent expected an increase of a marginal 5 basis points to both tenors this month.

The one-year LPR was last at 3.85%, and the five-year rate stood at 4.65%.

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