China's LPR remained unchanged in November
The one-year LPR remained at 3.85%
China has kept its benchmark lending rate Loan Prime Rate (LPR) unchanged for 19 months. The one-year LPR remained at 3.85% while the five-year LPR stayed at 4.65% in November.
Since August 2019, China’s LPR functions as a market-based reference for lenders to set their loan interest rates, which is the sum of the one-year MLF rate and a spread, generated from quotations from 18 designated banks. Read more here
Further data and analysis on China's economy are available on the CEIC China Economy in a Snapshot – Q4 2021 report.