
China Keeps Loan Prime Rate Unchanged in December, Supporting Economic Growth
China’s one-year Loan Prime Rate (LPR) remained unchanged at 3.1% in December, signaling stability in the nation’s economic support measures.
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China’s one-year Loan Prime Rate (LPR) remained unchanged at 3.1% in December, signaling stability in the nation’s economic support measures.
China keeps its loan prime rates steady at 3.1% and 3.6%, signaling a cautious approach as it continues implementing policies to stabilize the economy.
China has cut its benchmark lending rates for the third time this year, aiming to reduce financing costs and boost economic growth. The one-year LPR is now 3.1%, and the over-five-year LPR stands at 3.6%.
China maintains its one-year and over-five-year loan prime rates unchanged in August, signaling potential rate cuts later this year amid economic slowdown.
China’s over-five-year loan prime rate drops to 3.95%, signaling potential shifts in the housing and lending markets.