Reuters with a recap of the unchanged loan prime rates from China today:
These were expected after the MLF was left at an unchanged rate last week.
Reuters recap, in brief:
- China kept its benchmark lending rates unchanged for the third straight month on Monday, as a weaker yuan and persistent capital outflows continued to limit Beijing's ability to ease monetary conditions to support the economy.
- "We think there's probability to lower the 5-year LPR in December due to the downturn in the property market," said Xing Zhaopeng, senior China strategist at ANZ.
(the 5-year LPR is used for mortgage rate reference)
Graph of the LPRs via Bloomberg: