[Breaking] Chinese Central Bank Holds Benchmark LPR Steady
[Asia Economy Beijing=Special Correspondent Kim Hyunjung] China has kept the Loan Prime Rate (LPR), which serves as the benchmark interest rate, unchanged for two consecutive months.
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On the 20th, the People's Bank of China, the central bank, announced that the 1-year LPR will remain at 3.65%. The 5-year LPR, which serves as the benchmark for mortgage loans, is also unchanged from the previous month at 4.30%.
This content was produced with the assistance of AI translation services.
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