China keeps loan prime rates unchanged from Feb's 3.45%

The over-five-year LPR also held steady from the previous reading of 3.95 per cent, a state-controlled news outlet reported citing the National Interbank Funding Centre.

The country cut the over-five-year rate by 25 basis points in February to 3.95 per cent, the largest drop in recent years, while the one-year rate remained unchanged.

The average reserve requirement ratio (RRR) of China's banking sector is 7 per cent and there is still room for further RRR cuts, People's Bank of China governor Pan Gongsheng said earlier this month.

ALCHEMPro News Desk (DS)