Similarly, the over-five-year LPR, which is a crucial reference for many lenders in setting their mortgage rates, also continues to be unchanged, holding at the previous level of 4.2 per cent. This rate was last adjusted in June of the previous year, experiencing a decrease of 10 basis points.
China’s one-year loan prime rate (LPR) remains constant at 3.45 per cent, as per the National Interbank Funding Center.
Unchanged since August 2023, it was last reduced by 10 basis points.
The country’s over-five-year LPR also remains steady at 4.2 per cent, maintaining its level since the last 10 basis point cut in June of the previous year.
Fibre2Fashion News Desk (DP)