Chinese banks kept benchmark lending rates unchanged on Monday, in line with the central bank’s decision earlier this month to stabilize interest rates.
The one-year loan prime rate was maintained at 3.45% while the five-year lending interest rate (LPR) was retained at 4.2%, the People’s Bank of China said in a statement.
Interest rates on loans depend on the interest rates offered by 18 banks to their best customers, published monthly by the People’s Bank of China.
The central bank sets interest rates on the basis of the difference between the central bank’s one-year base rate and the medium-term loan rate.
The People’s Bank of China kept this rate unchanged last week after cuts in June and August.
GOOGL 
AMZN 
MET 
T 
WPM 
DM 
SVM 
CMC 
HKDUSD=X 
BABA 