China Leaves Key Lending Rates Unchanged in March
• China expected to leave benchmark lending rates unchanged in March based on Reuters survey • Loan prime rate (LPR) is calculated monthly based on rates from 20 designated banks • LPR rates influence new and outstanding loans in China's economy • Decision follows PBOC leaving medium-term lending facility (MLF) rate unchanged last week • Some expect further monetary easing like reserve requirement ratio cuts ahead to support economy