China's loan prime rates remain unchanged
Time:2024-05-18 00:27:56 Source:opinionsViews(143)
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.
Previous:Horror as one
Next:In boost to Olympic ambitions, Istanbul moves closer to hosting 2027 European Games.
You may also like
- Slovak prime minister shot makes EU wonder if elections can be free of violence
- Chrissy Teigen rocks tiny bra top under berry
- Max Verstappen ties Alain Prost's record with 6th pole
- Fratkin rallies Boston to 4
- Asian soccer body scraps 12
- I didn't want Hugh Grant to be in Four Weddings and a Funeral, writer Richard Curtis admits
- Logan Gilbert throws 8 dominant innings in Mariners' 5
- Rays beat Mets 3
- Monaco to host the start of the 2026 Spanish Vuelta