China keeps benchmark lending rates unchanged in Nov

0 Comment(s)Print E-mail CGTN, November 21, 2022
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China has kept its market-based benchmark lending rates unchanged in November, the country's central bank announced on Monday.

The one-year loan prime rate (LPR), which influences most new and outstanding loans in China, stayed at 3.65%. The over-five-year LPR, on which many lenders base their mortgage rates, stood at 4.3%.

This year, the one-year LPR was cut by 15 basis points, and the over-five-year LPR was lowered by 35 basis points.

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