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China Leaves 1-Year Lending Rate Unchanged At 3.65%

Por: RTTNews Business December 20, 2022

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China retained its benchmark lending rate for the fourth straight month on Tuesday, providing no hope for the beleaguered housing market and the struggling .The People's Bank of China kept its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 4.30 percent.Previously, the bank had reduced the five-year LPR rate by 15 basis points each in May and... + full article



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