China's loan prime rates remain unchanged
BEIJING, Jan. 22 (Xinhua) -- 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 4.2 percent, according to the National Interbank Funding Center.
China lowered the one-year rate by 10 basis points to 3.45 percent in August 2023. The over-five-year rate was slashed by 10 basis points to 4.2 percent in June last year.
The monthly data is a pricing reference for banks that is based on the rates of the central bank's open market operations, especially the medium-term lending facility rate.
Related articles
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
Knowledge advantage can save lives, win wars and avert disaster. At the Central Intelligence Agency,2024-05-21CPPCC National Committee Holds Gathering to Ring in New Year, Xi Jinping Delivers Important Speech
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Ecuador embroiled in diplomatic backlash after police break into Mexican embassy
QUITO, April 7 (Xinhua) -- Ecuador drew widespread criticism from the United Nations and several Lat2024-05-21Quakes leave 1.5 mln people homeless in Türkiye: UN
Displaced Children are seen in the quake-hit city of Adiyaman, Türkiye, on Feb. 20, 2023. (Photo by2024-05-21Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
PRISTINA, Kosovo (AP) — Kosovo’s Cabinet renewed efforts with a new draft law on renting a prison in2024-05-21Harbin to Moscow freight train delivers vehicles to Russia
A freight train loaded with 152 China-made vehicles valued departs from Harbin international contain2024-05-21
atest comment