China 1 year Loan Prime Rate 3.85% (vs. expected 3.85%) and 5-year 4.65% (expected 4.65%)

China's 1- and 5-year Loan Prime Rate (LPR), is set in reference to the rate on the PBOC's medium-term lending facility (MLF)

• its a lending reference rate set monthly by 18 banks with a spread above the MLF.

At the previous monthly setting :

• 1 year loan prime rate was set at 3.85%
• 5-year LPR at 4.65%

Today's set marks the 8th consecutive month of unchanged for these rates.