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MNI BRIEF: China's LPR Holds Steady In Dec

Central Bank NewsPolicy NewsPBOCAPACEM Policy NewsChinaEM BriefBriefStory

MNI (BEIJING ) - China's Loan Prime Rate remained unchanged on Friday according to a People's Bank of China statement, in line with expectations and following the central bank's decision to hold its key 7-day reverse repo rate stable.

LPR was held at 3.1% for the one-year maturity and 3.6% for the over five-year tenor. Both fell 25 basis points in October, the largest reduction since authorities reformed the LPR pricing system in 2019. The one-year LPR has fallen by 35bp from 3.45% this year, while the LPR for loans over five years has been reduced 60bp from 4.20%, the largest annual cuts on record. (See MNI PBOC WATCH: LPR To Hold, 2025 Easing Eyed)

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MNI (BEIJING ) - China's Loan Prime Rate remained unchanged on Friday according to a People's Bank of China statement, in line with expectations and following the central bank's decision to hold its key 7-day reverse repo rate stable.

LPR was held at 3.1% for the one-year maturity and 3.6% for the over five-year tenor. Both fell 25 basis points in October, the largest reduction since authorities reformed the LPR pricing system in 2019. The one-year LPR has fallen by 35bp from 3.45% this year, while the LPR for loans over five years has been reduced 60bp from 4.20%, the largest annual cuts on record. (See MNI PBOC WATCH: LPR To Hold, 2025 Easing Eyed)

Keep reading...Show less