China’s loan prime rates remain unchanged

BEIJING, Aug. 20 (Xinhua) — China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.35 percent Tuesday, unchanged from the previous month.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.85 percent, according to the National Interbank Funding Center. ■