China keeps loan prime rates unchanged

China’s one-year loan prime rate (LPR) was kept unchanged from the previous month at 3.1 per cent today.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.6 per cent, according to the National Interbank Funding Centre.
The lower lending rate is likely to help relieve the financing burden on enterprises and individuals.Read More