Economy

China's loan prime rates remain unchanged

October 20, 2023

Abstract : China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Friday, unchanged from the previous month.

File photo shows an exterior view of the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)

BEIJING, Oct. 20 (Xinhua) -- China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Friday, 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.

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