China leaves benchmark lending LPRs unchanged, in line with expectations

by Aurelia Butler 22 April 2024, 01:30 118 Views

The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 3.95%.

In a Reuters survey of 30 market participants conducted last week, all respondents expected both rates to stay unchanged.

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

Source: Economy - investing.com

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China leaves benchmark lending LPRs unchanged, in line with expectations

China keeps loan prime rate steady as economy improves

Here’s where the world’s top 0.001% are putting their money, according to wealth experts

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