China's 'base interest rate' freeze...LPR 5-year 3.6% and 1-year 3.1%

China froze LPR, loan preference rate that serves as benchmark rate

China's central bank, the People's Bank of China, said it would keep its mortgage-based five-year LPR at 3.6% and its one-year LPR, which serves as a general loan basis, at 3.1%.

Earlier, China cut its LPR for the first time in three months last month to meet its economic growth target of around 5% this year, setting out to supply liquidity.