One- and five-year loan prime rates (LPR) will be set on Monday, the 21st.
The rate set for the MLF earlier today provides a clue for the LPR rates. These are currently at
3.65% for the one year
4.30% for the five year
The MLF today was at an unchanged rate of 2.75%. This is strongly indicative of a 'no change' to the LPRs due Monday.
