China’s loan prime rate holds steady, providing stability for borrowers


20th September 2023 – (Beijing) China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, maintained its level at 3.45 percent on Wednesday, remaining unchanged from the previous month.

Similarly, the over-five-year LPR, which serves as the basis for many mortgage rates, also held steady at 4.2 percent, according to the National Interbank Funding Center.

In the previous month, the one-year rate experienced a minor decline of 10 basis points, settling at 3.45 percent, while the over-five-year rate remained unchanged at 4.2 percent.