emirates7 - China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3 percent Monday, 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 3.5 percent, according to the National Interbank Funding Centre.
Despite the LPRs staying unchanged since June 2025, interest rates on newly issued loans have continued to hover at low levels.
Latest data showed that in November, the weighted average rate for new corporate loans stood at 3.1 percent, down by approximately 30 basis points from the same period last year. The weighted average rate for new personal housing loans also registered 3.1 percent, about 3 basis points lower than a year earlier.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Centre.
Despite the LPRs staying unchanged since June 2025, interest rates on newly issued loans have continued to hover at low levels.
Latest data showed that in November, the weighted average rate for new corporate loans stood at 3.1 percent, down by approximately 30 basis points from the same period last year. The weighted average rate for new personal housing loans also registered 3.1 percent, about 3 basis points lower than a year earlier.