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
Six killed in a 'foiled coup' in Congo, the army says
KINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence2024-05-21Green Rural Revival Program Lifts Image of Countryside in China's Zhejiang
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Green Rural Revival Program Lifts Image of Countryside in China's Zhejiang
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21China Continues to Raise Basic Pension Payments for Retirees
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Devout Christian doctor, 68, who punched dementia
An 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi2024-05-21Teams from Both Sides of Taiwan Strait Take Part in Dragon Boat Race in Xiamen, SE China
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment