Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The LPR rate in China remains at 3.35%

August, 20 2024
watermark Economic news

The People's Bank of China announced the retention of the loan rate for one year for first-class borrowers (LPR)* at the level of 3.35% in the coming month.  The interest rate on loans for five years will also remain unchanged at 3.85%.


The LPR, adjusted on the 20th of each month, has a significant impact on the cost of loans for companies and individuals. Reducing this rate can stimulate economic activity, as it makes loans more affordable. In 2023, the LPR has already decreased twice: in June to 3.55% and in August to 3.45%, and in 2024 — once, in July, to 3.35%.


The rate on debt obligations for five years, in particular, determines the cost of mortgage lending. In 2023, it changed once, falling to 4.2% in June, and twice this year: in February to 3.95% and in July to 3.85%.


The LPR regulatory mechanism in China was upgraded in August 2019. It is determined monthly by the All-China Interbank Lending Center based on proposals from 18 key commercial banks in the country.


* First-class borrowers are considered to be enterprises with a stable financial position and a high rating.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.