People's Bank of China one- and five-year Loan Prime Rate (LPR) setting.
- 3.65% for the one year
- 4.30% for the five year
After the rate on the latest MLF was left unchanged last week expectations are these would remain the same also. Both are unchanged, as expected.
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The 1-Year Loan Prime Rate
- most new and outstanding loans in China are based on the one-year LPR
The 5-Year Loan Prime Rate
- most home mortgage rates are based on the five-year
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Background here:
People's Bank of China Governor Yi Gang
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