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China's loan prime rates remain unchanged

Xinhua | Updated: 2024-04-22 11:00

This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China's Jiangsu province. [Photo/Xinhua]

BEIJING - China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 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 3.95 percent, according to the National Interbank Funding Center.

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