China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday, while the five-year LPR used as a reference for mortgages was cut from 4.6 per cent to 4.45 per cent. Photo: AP
China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday, while the five-year LPR used as a reference for mortgages was cut from 4.6 per cent to 4.45 per cent. Photo: AP
Economy /  China Economy

China on ‘path of further easing’ after cutting mortgage rate in bid to revive economy

  • China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday
  • The five-year LPR, which is the reference for mortgages, was cut from 4.6 per cent to 4.45 per cent

Andrew MullenOrange Wang
Andrew Mullen and Orange Wang

Updated: 6:22pm, 20 May, 2022

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China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday, while the five-year LPR used as a reference for mortgages was cut from 4.6 per cent to 4.45 per cent. Photo: AP
China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday, while the five-year LPR used as a reference for mortgages was cut from 4.6 per cent to 4.45 per cent. Photo: AP
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