China 1 and 5 year rates left unchanged, as widely expected

  • China's one year loan prime rate left at 3.65%, and the five year at 4.30%

People's Bank of China's Loan Prime Rate setting.

Earlier this week the MLF rate was left unchanged which is usually a good indication that the LPRs will be left untouched.

Current LPRs, unchanged for the 8th consecutive month:

  • 3.65% for the one year
    • most new and outstanding loans in China are based on the one-year LPR
  • 4.30% for the five year
    • most home mortgage rates are based on the five-year
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