China loan prime rates set at 1 year 4.15% (expected 4.10%) & 5 year 4.80% (expected 4.80%)

Author: Eamonn Sheridan | Category: Central Banks

The LPR is set once a month, based on a spread above the MLF rate.

5 year rate 4.80% as expected
  • expected 4.80%, prior 4.80%  
For the 1 year rate 4.15% - a cut was expected 
  • expectations 4.10%, prior 4.15%

So, contrary to expectations no rate cut from China today. 

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