China’s loan prime rate (LPR) is technically decided by a group of 18 banks, but the cost is widely regarded to be an indicator for Beijing’s preference on loan rates. Photo: AP China’s loan prime rate (LPR) is technically decided by a group of 18 banks, but the cost is widely regarded to be an indicator for Beijing’s preference on loan rates. Photo: AP
China’s loan prime rate (LPR) is technically decided by a group of 18 banks, but the cost is widely regarded to be an indicator for Beijing’s preference on loan rates. Photo: AP

China loan rate in spotlight as investors seek clues on health of world’s second-largest economy

  • China’s loan prime rate (LPR) could be lowered for the first time since early last year on Tuesday
  • The LPR, which currently stands at 3.85 per cent, is seen as China’s de facto benchmark funding cost since 2019 and is released on the 20th of each month

Topic |   China economy
China’s loan prime rate (LPR) is technically decided by a group of 18 banks, but the cost is widely regarded to be an indicator for Beijing’s preference on loan rates. Photo: AP China’s loan prime rate (LPR) is technically decided by a group of 18 banks, but the cost is widely regarded to be an indicator for Beijing’s preference on loan rates. Photo: AP
China’s loan prime rate (LPR) is technically decided by a group of 18 banks, but the cost is widely regarded to be an indicator for Beijing’s preference on loan rates. Photo: AP
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