China’s one-year loan prime rate (LPR) remained unchanged at 3.45 per cent in May, while the over-five-year LPR held at 3.95 per cent, benefiting borrowers seeking mortgages. The one-year LPR had not changed since February, despite a 25 basis point reduction in the over-five-year rate. This stable LPR is expected to boost the credit market, reduce financial burdens for businesses and individuals, and aid China’s economic recovery.
China’s one-year loan prime rate (LPR) and over-five-year LPR remained steady in May, with no changes from the previous month. The stable rates are expected to support the credit market, lower financial costs, and help in economic recovery.
