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China keeps benchmark lending rates steady for 17th straight month in Oct

Trade Hub UK briefing (2026-10-20): China Expected to Hold Benchmark Lending Rates for 17th Straight Month China is poised to keep its benchmark lending rates unchanged for a 17th consecutive… Primary source: original at Investing.com UK Macro Data (uk.investing.com).

China Expected to Hold Benchmark Lending Rates for 17th Straight Month

China is poised to keep its benchmark lending rates unchanged for a 17th consecutive month in October, according to a Reuters survey, after stronger-than-expected third-quarter GDP data reduced the likelihood of near-term easing. The survey, reported by Reuters, found that all 22 market participants polled this week expected the one-year and five-year loan prime rates to stay at 3.00% and 3.50% respectively at the upcoming review on Tuesday.

The loan prime rate is typically charged to banks most creditworthy clients and is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China. The unanimous expectation of steady settings comes as some major economies lean toward tighter monetary policy to contain inflation pressures, while China's long-dated bond yields hovered near a 15-month low.

China's economic growth rebounded from three-year lows in the third quarter, with strong exports offsetting restrained consumer spending, though analysts caution that growing reliance on external drivers is deepening structural imbalances. Market participants expect Beijing to meet its 2026 growth target of 4.5% to 5.0% without additional stimulus, supported by a strong start to the year and some recent modest fiscal and monetary support.

Investors are looking to a key financial forum in Beijing this afternoon, where PBOC Governor Pan Gongsheng is scheduled to speak, for signals on the country's monetary path. Separately, new home prices in China fell again in September, extending a slump of more than three years and indicating that policy support has yet to generate a broad recovery in housing demand.

  • 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    • REPORT DESCRIPTION
    • RESEARCH METHODOLOGY AND THE AI PLATFORM
    • DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    • GLOSSARY AND SPECIFIC TERMS
  • 2. EXECUTIVE SUMMARY

    • KEY FINDINGS
    • MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
  • 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    • MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • MARKET FORECAST TO 2035
  • 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    • TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    • BEST-SELLING PRODUCTS
    • MOST CONSUMED PRODUCTS
    • MOST TRADED PRODUCTS
    • MOST PROFITABLE PRODUCTS FOR EXPORT
  • 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    • TOP COUNTRIES TO SOURCE YOUR PRODUCT
    • TOP PRODUCING COUNTRIES
    • TOP EXPORTING COUNTRIES
    • LOW-COST EXPORTING COUNTRIES
  • 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    • TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    • TOP CONSUMING MARKETS
    • UNSATURATED MARKETS
    • TOP IMPORTING MARKETS
    • MOST PROFITABLE MARKETS
  • 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    • PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  • 8. IMPORTS

    • IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  • 9. EXPORTS

    • EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    • EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  • 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  • 11. COUNTRY PROFILES

    This Chapter is Available Only for the Professional Edition PRO
    • 11.1United States
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.2China
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.3Japan
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.4Germany
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.5United Kingdom
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.6France
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.7Brazil
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.8Italy
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.9Russian Federation
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.10India
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.11Canada
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.12Australia
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.13Republic of Korea
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.14Spain
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.15Mexico
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.16Indonesia
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.17Netherlands
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.18Turkey
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.19Saudi Arabia
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.20Switzerland
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.21Sweden
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.22Nigeria
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.23Poland
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.24Belgium
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.25Argentina
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.26Norway
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.27Austria
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.28Thailand
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.29United Arab Emirates
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.30Colombia
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.31Denmark
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.32South Africa
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.33Malaysia
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.34Israel
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.35Singapore
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.36Egypt
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.37Philippines
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.38Finland
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.39Chile
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.40Ireland
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.41Pakistan
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.42Greece
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.43Portugal
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.44Kazakhstan
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.45Algeria
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.46Czech Republic
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.47Qatar
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.48Peru
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.49Romania
      • Market Size
      • Production
      • Imports
      • Exports
    • 11.50Vietnam
      • Market Size
      • Production
      • Imports
      • Exports
  • LIST OF TABLES

    • Key Findings In 2025
    • Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    • Per Capita Consumption, by Country, 2022–2025
    • Production, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
  • LIST OF FIGURES

    • Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    • Consumption, by Country, 2025
    • Market Volume Forecast to 2035
    • Market Value Forecast to 2035
    • Market Size and Growth, By Product
    • Average Per Capita Consumption, By Product
    • Exports and Growth, By Product
    • Export Prices and Growth, By Product
    • Production Volume and Growth
    • Exports and Growth
    • Export Prices and Growth
    • Market Size and Growth
    • Per Capita Consumption
    • Imports and Growth
    • Import Prices
    • Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Production, by Country, 2025
    • Production, In Physical Terms, by Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Imports, In Physical Terms, By Country, 2025
    • Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    • Exports, In Physical Terms, By Country, 2025
    • Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    • Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)