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Tag Archives: Loan Prime Rate

China seen holding benchmark rate in Sept, some expect more liquidity support

SHANGHAI: China is set to leave its benchmark lending rate steady for the 17th month at its September fixing next Wednesday, a Reuters survey showed, but market participants expect more targeted liquidity measures as the economy grapples with the fallout of the Delta variant.

Nineteen traders and analysts, or 95% of 20 participants, in the snap poll predicted no change in either the one-year Loan Prime Rate (LPR) or the five-year tenor after the People's Bank of China (PBOC) kept the interest rate on its medium-term loans steady this week.

The remaining one respondent forecast a marginal cut of 5 basis points to the one-year LPR and expected no change to the five-year tenor, which influences the pricing of mortgages. Authorities have stepped up measures to

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