Mumbai, Nov. 20 -- China left benchmark lending rates unchanged on Thursday for the sixth consecutive month in November, matching market expectations.
The steady loan prime rate (LPR) fixings underscore the central bank's reduced urgency to deliver additional monetary easing in the wake of a trade truce between Beijing and Washington, even as October economic data pointed to signs of a slowdown.
The one-year loan prime rate (LPR) was kept at 3.0 per cent, while the five-year LPR was unchanged at 3.5 per cent.
New loans by Chinese banks fell sharply in October from the previous month and missed market expectations, as households and businesses remained wary of taking on more debt due to economic uncertainties and trade tensions between Be...