The People’s Bank of China left the 1-year and 5-year LPR rates unchanged as expected

The People’s Bank of China (PBOC) left the interest rate for one-year customer loans (LPR) at 3.65% and the interest rate for five-year LPR at 4.30%.

Analysts had earlier predicted that the People’s Bank of China (PBOC) will leave its one- and five-year LPR rates unchanged after leaving the one-year medium-term lending rate (MLF), China’s benchmark rate, at 2.75% last week.

China’s one-year LPR is a measure of private lending rates. The 5-year LPR is an index measuring the direction of household interest rates, including mortgage rates.

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