SHANGHAI/SINGAPORE, Nov 20 (Reuters) – China kept benchmark financing rates the same at a regular monthly repairing on Monday, matching market expectations, as a weaker yuan continued to constrain more financial easing and after the reserve bank kept its medium-term policy rate consistent.
The 1 year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.45%, while the five-year LPR CNYLPR5Y=CFXS was the same at 4.20%.
In a survey of 26 market watchers performed recently, all individuals forecasted no modification to either the 1 year or five-year LPRs.
A lot of brand-new and impressive loans in China are based upon the 1 year LPR, while the five-year rate affects the rates of home loans.
(Reporting by Winni Zhou and Tom Westbrook. Modifying by Sam Holmes)
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