BEIJING: China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.85 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 previous reading of 4.65 percent, according to the National Interbank Funding Center.
That was in line with expectations of the majority of analysts in a snap Reuters poll conducted last week.
Strong expectations for a steady LPR came as China kept borrowing cost on one-year medium-term lending facility (MLF) loans unchanged last week.
–The Daily Mail-CGTN
News exchange item
