lpr

The Latest

  • China Keeps Benchmark Lending Rate Steady
    China Central Bank
    The one-year prime loan rate stayed unchanged at 3.85% for the third straight month.
  • China’s Central Bank Pledges Strong Support For Economy
    People's Bank of China (PBOC)
    The People’s Bank of China (PBOC) will do whatever it takes to prop-up China's economy now reeling from COVID-19.
  • China Again Lowers Loan Prime Rate To Boost Business Growth
    Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China
    China keeps injecting more money into the financial system with its central bank slashing its lending rate to prime customers to boost economic productivity dampened by the Covid-19 outbreak.
  • China Adopts LPR-Based Interest Rate Benchmark
    CURRENCIES
    Beginning Jan. 1, 2020, the loan prime rate (LPR) will be China's new benchmark for pricing existing floating-rate loans.