One-Year and Five-Year LPR Remain Unchanged [SMM Steel Market Morning News]: On February 20, the PBOC kept the one-year and five-year Loan Prime Rates (LPR) unchanged at 3.1% and 3.6%, respectively.

The LPR has remained stable for six consecutive months, with expectations of an interest rate cut in Q2 still strong. Amid discussions on whether to cut or not, the latest Loan Prime Rate (LPR) was released as scheduled, with both tenors remaining unchanged in April, dashing the expectations of some market participants for a rate cut. Industry insiders noted that although several banks have recently lowered deposit rates intensively, creating some room for a downward adjustment in the LPR, the current pricing "anchor" of the LPR remains stable, and internal and external factors such as interest rate spreads and exchange rates still persist, making the LPR's stability in line with expectations. Looking ahead, a policy interest rate cut in Q2 is expected to be implemented, which will then drive the LPR downward.

The January Loan Prime Rate (LPR) was released: the LPR for over 5 years was 3.6%, unchanged from last month’s 3.6%. The 1-year LPR was 3.1%, also unchanged from last month’s 3.1%.

One-Year and Five-Year LPR Remain Unchanged [SMM Steel Market Morning News]: On February 20, the PBOC kept the one-year and five-year Loan Prime Rates (LPR) unchanged at 3.1% and 3.6%, respectively.

[SMM Steel Market Morning News: New LPR Remains Unchanged, Room for Reduction Still Exists] The People's Bank of China authorized the National Interbank Funding Center to announce that the Loan Prime Rate (LPR) for August 20, 2024 is: 1-year LPR at 3.35% and over-5-year LPR at 3.85%, both of which are the same as the previous period. Experts believe that considering the overall economic performance and price levels, there is still room and possibility for further LPR reductions. Meanwhile, macroeconomic conditions, price levels, and the pace of real estate recovery continue to be the primary influencing factors...

[LPR for loans with a term of over 5 years drops by 10 basis points, reducing mortgage payments by 20,000 yuan over 30 years for a 1 million yuan loan] The latest Loan Prime Rate (LPR) was released today, with the five-year LPR lowered to 3.5%, down from 3.6%. If calculated based on a commercial loan amount of 1 million yuan, a 30-year loan term, and equal principal and interest repayments, this 10-basis-point drop in the LPR will reduce the monthly payment by 56 yuan, resulting in a cumulative reduction of 20,000 yuan over 30 years.

[LPR for loans with a term of over 5 years drops by 10 basis points, reducing mortgage payments by 20,000 yuan over 30 years for a 1 million yuan loan] The latest Loan Prime Rate (LPR) was released today, with the five-year LPR lowered to 3.5%, down from 3.6%. If calculated based on a commercial loan amount of 1 million yuan, a 30-year loan term, and equal principal and interest repayments, this 10-basis-point drop in the LPR will reduce the monthly payment by 56 yuan, resulting in a cumulative reduction of 20,000 yuan over 30 years.

The People's Bank of China authorized the National Interbank Funding Center to announce the Loan Prime Rate (LPR) for April. The 5-year LPR remained at 3.6%, unchanged from the previous month. The 1-year LPR also stayed at 3.1%, the same as last month.

The People's Bank of China announced that the one-year Loan Prime Rate (LPR) is..

On August 21, the People’s Bank of China authorized the National Interbank Lending Center to announce the loan prime rate (LPR) on August 21, 2023, as followed.