SHANGHAI, Jan 20 (Reuters) - China left benchmark
lending rates unchanged at the monthly fixing on Monday, as a
weakening yuan has limited Beijing's monetary easing efforts.
The one-year loan prime rate (LPR) was kept
at 3.1%, while the five-year LPR was unchanged
at 3.6%.
Most new and outstanding loans in China are based on the
one-year LPR, while the five-year rate influences the pricing of
mortgages.
In October 2024, Chinese lenders slashed lending benchmarks
by bigger-than-expected margins to revive economic activity.