The People’s Bank of China kept its benchmark interest rates for corporate and household loans steady for the 19th straight month at its November fixing, as policymakers seek to limit risk-taking in the property sector. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent, while the five-year remained at 4.65 percent.

In its third quarter monetary policy report, the PBoC said monetary policy will be “flexible and precise-targeted, appropriate and moderate”, suggesting a shift in stance toward more supportive measures, Bloomberg reported citing major banks like Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc. Still, the central bank will likely move cautiously in changing any monetary policy measures which could include a cut in the RRR.