The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous value of 3.6 per cent, a state-controlled media outlet reported.
The LPRs reflect the level of financing costs for households and businesses. Lower rates imply less burdens on borrowers and stronger backing for economic activity.
The central bank guided the LPR downward last year while implementing two reductions in both the reserve requirement (RRRs) ratios and policy interest rates to help sustain economic recovery.
This year's government work report said the country has decided to adopt a moderately loose monetary policy.
ALCHEMPro News Desk (DS)
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