China's loan prime rates remain unchanged

Xinhua | Updated: 2022-07-20 11:08

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A clerk counts cash at a bank outlet in Hai'an county, Jiangsu province. [Photo/China Daily]

BEIJING - China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.7 percent Wednesday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.45 percent, according to the National Interbank Funding Center.

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