China leaves lending benchmark LPRs unchanged, as expected

by Aurelia Butler 20 November 2024, 00:16 54 Views

The one-year loan prime rate (LPR) was kept at 3.1%, and the five-year LPR was unchanged at 3.6%.

In a Reuters survey of 28 market participants conducted this week, all respondents expected the 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 lending benchmark LPRs unchanged, as expected

China leaves loan prime rate unchanged amid stimulus, tariff watch

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules

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