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China’s Loan Prime Rates Remain Unchanged

China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from th…

China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.95 percent, according to Chinese news agency (Xinhua) citing the Chinese National Interbank Funding Center.

Source: Qatar News Agency