People’s Bank of China sets its 1 and 5 year Loan Prime Rate (LPR) rates unchanged.
The PBOC uses the reverse reop rate as its main policy rate now. Currently 1.4%.
Most lending in China is tied to the one-year LPR, while the five-year rate guides mortgage pricing. Both rates were last trimmed by 10 basis points in May.
The last change was back in May.
PBOC LPR Moves (2024–2025)
This article was written by Eamonn Sheridan at investinglive.com.