China Maintains Loan Prime Rates in August Amid Economic Slowdown
China’s major lending rates remained unchanged in August as the PBOC maintains a steady monetary policy amid signs of economic slowdown and global shifts.
Loan Prime Rate
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China’s Loan Prime Rates Remain Steady in August, Signaling Economic Stability
China keeps its Loan Prime Rates steady in August, with the one-year rate at 3.35% and over-five-year rate at 3.85%, signaling confidence in economic stability and maintaining mortgage costs for homebuyers.
China Lowers Over-Five-Year Loan Prime Rate to 3.95%, Impacting Mortgage Rates
China’s over-five-year loan prime rate (LPR), which influences mortgage rates, has been reduced to 3.95% from 4.2%, while the one-year LPR remains at 3.45%.