China keeps loan prime rates unchanged
China yesterday kept its one-year loan prime rate (LPR), a market-based benchmark lending rate, unchanged from May at 3.1 per cent. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous value of 3.6 per cent. This year's government work report says the country has decided to adopt a moderately loose monetary policy.
China yesterday kept its one-year loan prime rate (LPR), a market-based benchmark lending rate, unchanged from May at 3.1 per cent.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous value of 3.6 per cent.
This year's government work report says the country has decided to adopt a moderately loose monetary policy.
