China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.65 percent Tuesday, unchanged from the previous month.
The over-five-year LPR, on which many lenders base their
The country had lowered the one-year rate by 5 basis points to 3.65 percent in August. The over-five-year rate had been slashed by 15 basis points twice this year, first in May and again in August to the current figure.
The monthly-released data is a pricing reference rate for banks and is based on rates of the central bank's open market operations, especially the medium-term lending facility rate.