China has maintained its loan prime rates (LPR) unchanged this month, signaling a cautious approach as the country assesses the impact of recent economic policies. On Wednesday, the one-year LPR, a key benchmark for market-based lending, remained steady at 3.1 percent. Similarly, the over-five-year LPR, which influences mortgage rates, stayed at 3.6 percent, according to the National Interbank Funding Center.
Bruce Pang, chief economist at JLL Greater China, noted that there is no immediate need to adjust the LPR. \
Reference(s):
cgtn.com
