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

China resists loan rate cuts, but changes ‘still likely’ as economy struggles under zero-Covid

  • China’s one-year loan prime rate (LPR) remained unchanged at 3.7 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 4.45 per cent

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