As predicted, China maintains lending benchmarks unchanged

China maintains benchmark lending rates at monthly fixing, meeting market expectations.

The one-year loan prime rate (LPR) remains at 3.55 percent, while the five-year LPR remains unchanged at 4.2 percent.

In a recent poll of 26 market analysts, all participants predicted no change to either rate.

Most new and existing loans in China are based on the one-year LPR, while the five-year rate influences mortgage pricing. China previously reduced both LPRs in June to stimulate the economy.



Your subscription could not be saved. Please try again.



Your subscription has been successful.


Read Next

Don’t miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.