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Updated · bignewsnetwork.com · Sep 20China Holds 1-Year LPR at 3% and Mortgage Benchmark at 3.5%
3 articles · Updated · bignewsnetwork.com · Sep 20Summary
- China left its benchmark lending rates unchanged in September, keeping the one-year loan prime rate at 3% and the over-five-year rate at 3.5%.
- The one-year LPR, a market-based benchmark for corporate and household loans, matched the previous month’s reading.
- The over-five-year LPR, widely used as a reference for mortgage pricing, also stayed at 3.5%, according to the National Interbank Funding Centre.
Insights
Will China's 16-month streak of unchanged lending rates ultimately stabilize its economy or deepen the ongoing property market crisis? What hidden economic triggers could force Beijing to abandon its cautious monetary stance and slash interest rates in late 2026?