中 The benchmark interest rate is frozen again...LPR 5-year 3.6% and 1-year 3.1%

China has re-freezed the loan-preferred rate LPR, which is equivalent to the benchmark rate, as expected by the market.

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

Earlier, a Reuters survey of 27 experts showed that all respondents expected a five-year and one-year LPR freeze.

The People's Bank of China has continued to freeze for a second month after cutting its five-year LPR by 0.25% to 3.6% from 3.85% and its one-year LPR by 3.5% to 3.1%, respectively, in October.