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China held its one-year loan prime rate (LPR), the People’s Bank of China (PBOC) said on Friday, but cut the five-year LPR used as a reference for mortgages.
China has left its one-year loan prime rate (LPR) at 3.7 per cent, while the five-year LPR used for mortgages was unchanged at 4.6 per cent, showing a more cautious approach to supporting the economy.
China’s one-year loan prime rate (LPR) remained unchanged at 3.70 per cent, the People’s Bank of China (PBOC) said on Monday, while the five-year LPR also remained unchanged at 4.65 per cent.