PBOC keeps LPR unchanged

By Frank Prenesti

Date: Monday 20 Nov 2023

(Sharecast News) - China's commercial lenders left benchmark lending rates unchanged on Monday, in line with expectations.


The one-year loan prime rate was held at 3.45%,while the five-year rate, used for mortgages, was kept at 4.2%, according to the People's Bank of China.

It was the third straight month that the PBOC held the one-year LPR after lowering it to 3.45% from 3.55% in August.

Reporting by Frank Prenesti for Sharecast.com

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