People’s Bank of China sets its Loan Prime Rates (LPR) unchanged, as expected

People’s Bank of China sets its Loan Prime Rates (LPR) unchanged, as expected.

• the one year remains at 3.1%
• the five year remains at 3.6%

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

This article was written by Eamonn Sheridan at www.forexlive.com.