China’s one-year loan prime rate (LPR) remained unchanged at 3.70 per cent, the People’s Bank of China (PBOC) said on Monday, while the five-year LPR, which is the reference for mortgages, also remained unchanged at 4.65 per cent. Photo: AFP
China’s one-year loan prime rate (LPR) remained unchanged at 3.70 per cent, the People’s Bank of China (PBOC) said on Monday, while the five-year LPR, which is the reference for mortgages, also remained unchanged at 4.65 per cent. Photo: AFP
China's economic recovery
Economy /  Economic Indicators

China loan rate cuts ‘not over yet’ despite keeping lending benchmark unchanged in March

  • China’s one-year loan prime rate (LPR) remained unchanged at 3.70 per cent, the People’s Bank of China (PBOC) said on Monday
  • The five-year LPR, which is the reference for mortgages, also remained unchanged at 4.65 per cent

Andrew MullenOrange Wang
Andrew Mullen and Orange Wang

Updated: 12:22pm, 21 Mar, 2022

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China’s one-year loan prime rate (LPR) remained unchanged at 3.70 per cent, the People’s Bank of China (PBOC) said on Monday, while the five-year LPR, which is the reference for mortgages, also remained unchanged at 4.65 per cent. Photo: AFP
China’s one-year loan prime rate (LPR) remained unchanged at 3.70 per cent, the People’s Bank of China (PBOC) said on Monday, while the five-year LPR, which is the reference for mortgages, also remained unchanged at 4.65 per cent. Photo: AFP
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