China leaves benchmark rates unchanged

By Frank Prenesti

Date: Friday 20 Dec 2024

(Sharecast News) - China left benchmark lending rates unchanged at Friday's monthly fixing, in line with expectations.
The one-year loan prime rate (LPR) was held at 3.10% and the five-year at 3.60%.

New and outstanding loans in China are based on the one-year LPR, while the five-year is used in the pricing of mortgages.

Reporting by Frank Prenesti for Sharecast.com

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