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ANKARA
China’s central bank on Monday kept its key lending rates constant for the third straight month amid a weakening yuan, in line with market forecast.
The one-year loan prime rate – the medium-term lending facility uses for corporate and household loans – was unchanged at 3.65%, according to a statement by the People’s Bank of China.
The five-year rate, a reference for mortgages, was left at 4.3%.
Chinese yuan lost nearly 12.7% since the beginning of this year with US dollar/yuan parity hitting 7.1587 on Monday.
The central bank last week had maintained its medium-term policy rate at 2.75%.
