Home>>
China cuts benchmark lending rate LPR
(Xinhua) 10:04, June 20, 2023
BEIJING, June 20 (Xinhua) -- China on Tuesday cut the market-based benchmark lending rate.
The one-year loan prime rate (LPR) came in at 3.55 percent Tuesday, down from the previous reading of 3.65 percent, according to the National Interbank Funding Center.
The over-five-year LPR, on which many lenders base their mortgage rates, was lowered by 10 basis points to 4.2 percent.
(Web editor: Zhang Kaiwei, Liang Jun)
Photos
Related Stories
About People's Daily Online | Join Us | Contact Us
Copyright © 2023 People's Daily Online. All Rights Reserved.
Copyright © 2023 People's Daily Online. All Rights Reserved.