Loan prime rates unchanged in China
The one-year loan prime rate (LPR) in China was 3.1 per cent today, unchanged from the previous month. The over-five-year LPR also remained unchanged from the previous reading of 3.6 per cent, according to the National Interbank Funding Centre. The average reserve requirement ratios for China's financial institutions now stands at 6.6 per cent, offering room for further reduction.
The one-year loan prime rate (LPR) in China was 3.1 per cent today, unchanged from the previous month.
The over-five-year LPR also remained unchanged from the previous reading of 3.6 per cent, according to the National Interbank Funding Centre.
The average reserve requirement ratios for China's financial institutions now stands at 6.6 per cent, offering room for further reduction.
