China Holds One-Year and Five-Year-and-Above Loan Prime Rates Steady

China held its key lending benchmarks steady in October, leaving the one-year loan prime rate at 3% and the five-year-and-above loan prime rate at 3.5% after both stood at the same levels in September. The Oct. 20 update left the one-year rate at 3%, unchanged from September. The five-year-and-above rate likewise remained at 3.5%. These figures are benchmark quotations. The five-year-and-above loan prime rate does not mean every loan in that maturity category carries a 3.5% interest rate. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost