The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent. Photo: Xinhua
The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent. Photo: Xinhua
Economy /  China Economy

China keeps loan rate steady for fourth straight month

  • The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent
  • Most new and outstanding loans are based on the LPR, while the five-year rate influences the pricing of mortgages

Andrew Mullen
Andrew Mullen

Updated: 10:35am, 20 Aug, 2020

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The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent. Photo: Xinhua
The one-year loan prime rate (LPR) was kept unchanged at 3.85 per cent, while the five-year LPR remained at 4.65 per cent. Photo: Xinhua
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