The five-year loan prime rate LPR, which is the reference for mortgages, also remained unchanged at 4.45 per cent. Photo: Reuters
The five-year loan prime rate LPR, which is the reference for mortgages, also remained unchanged at 4.45 per cent. Photo: Reuters

China cuts benchmark loan, mortgage reference rates, signals ‘particular concern’ for housing market

  • China’s one-year loan prime rate (LPR) was cut from 3.7 per cent to 3.65 per cent, the People’s Bank of China (PBOC) said on Monday
  • The five-year LPR, which is the reference for mortgages, was also cut from 4.45 per cent to 4.3 per cent

The five-year loan prime rate LPR, which is the reference for mortgages, also remained unchanged at 4.45 per cent. Photo: Reuters
The five-year loan prime rate LPR, which is the reference for mortgages, also remained unchanged at 4.45 per cent. Photo: Reuters
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