China leaves benchmark lending rates unchanged for fourth month in Sept

ReutersSep 22, 2025 1:03 AM

SHANGHAI, Sept 22 (Reuters) - China kept benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations.

The one-year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.0% on Monday, while the five-year LPR CNYLPR5Y=CFXS was unchanged at 3.5%.

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 a Reuters survey of 20 market participants conducted last week, all participants predicted no change to either of the two rates despite a recent spate of weak economic data.

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