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
- Cancer-stricken King Charles will be feeling fresh heartache after a former IRA commander confessed2024-05-21
Hazing concerns prompt University of Virginia to expel 1 fraternity and suspend 3 others
CHARLOTTESVILLE, Va. (AP) — Concerns about hazing have prompted the University of Virginia to termin2024-05-21Pennsylvania redesigned its mail
HARRISBURG, Pa. (AP) — A form Pennsylvania voters must complete on the outside of mail-in ballot ret2024-05-21Tesla driver in deadly Seattle
SEATTLE (AP) — A Tesla that may have been operating on the company’s Autopilot driving system hit an2024-05-21NBA playoffs: Edwards leads Wolves to 98
DENVER (AP) — Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point2024-05-21Billionaire Texas oilman inks deal with Venezuela's state
MIAMI (AP) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezue2024-05-21
atest comment