China: Credit prime ratios stay unaffected
(MENAFN)Chinas one-year loan prime rate (LPR), a market-based benchmark lending rate, hit 3.85 percent on Saturday, unaffected from the past month. According to the National Interbank Funding Center (NIFC), the over-five-year LPR, on which a lot of lenders base their mortgage rates, also remained unaffected from the past reading of 4.65 percent. The lending ratios have stayed stable for 10 consecutive months, matching market prospect, forecasters added. On Thursday, the Peoples Bank of China (P...
Source: menafn.com