s Bank of China (PBoC) maintained its key lending rates steady for the second straight month at December fixing, aligning with market estimates. The one-year loan prime rate (LPR), the benchmark for most corporate and household loans, was held at 3.1%. Meanwhile, the five-year rate, a ...
boosted by a prospect of falling dollar. The yuan strengthens 400 pips to below 7.18 per US dollar, as the central bank’s efforts to maintain the yuan’s close value to the dollar are seemingly paying off, with the onshore yuan’s appreciation bringing it nearer to the central bank...
China's loan prime rate (LPR), a market-based benchmark lending rate, saw its over-five-year rate, on which lenders base their mortgage rates, come in at 3.95 percent on Tuesday, down from the previous reading of 4.2 percent. The one-...
China's loan prime rates, the market-based lending benchmarks, fell for the first time since August 2022 on Tuesday as policy efforts strengthened to bolster economic recovery. 6月20日,为了加大政策支持,支持经济复苏,中国贷款市场报价率下降,这是自2022年8月以来的首次降息。 The one-year LPR dropp...
BEIJING, Feb. 21 (Xinhua) -- China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.7 percent Monday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previ...
BEIJING, March 20 (Xinhua) -- China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 4.05 percent Friday, unchanged from the previous monthly adjustment, as the country's flexible and prudent monetary policy creates enough leeway for lenders to better sup...
The interest rate of the medium-term lending facility (MLF) - which the one-year LPR is loosely pegged off - remains steady. Meanwhile, the amount of new yuan loans and gross social financing beat market expectations in October, experts noted. ...
The one-year loan prime rate (LPR) was cut by a quarter percentage point, or 25 basis points (BPs), to 3.1%, while the five-year LPR, on which many lenders base their mortgage rates, was also trimmed by 25 BPs to 3.6%, according to the National Interbank Funding Center (NIFC) publ...
China Loan Prime Rate is at 3.10%, compared to 3.10% last month and 3.45% last year. This is lower than the long term average of 3.71%. The China Loan Prime Rate (LPR) is the lending rate provided by commercial banks to their highest quality customers, and serves as the benchmark for...
China cut its one-year loan prime rate (LPR) on Monday. The National Interbank Funding Center said the one-year LPR was lowered by 5 basis points to 3.8 percent – the first such change in over 19 months. The over-five-year LPR, which many lenders base their mort...