(MENAFN)China s 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 People s Bank of China (PBOC), or the central bank, inserted a total of 200 billion Yuan (about USD31 billion) into the marketplace via a one-year medium-term lending facility (MLF). The interest rate stayed unaffected from the past injection, at 2.95 percent.
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AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.