The People's Bank of China announced that the quotation interest rate (LPR) of China's first and five -year loan market in November and the five -year loan market remained unchanged.
Comprehensive Reuters and Surging News reported that the People's Bank of China announced on Monday (November 20) that the one -year LPR was 3.45%, and the five -year LPR was 4.20%.In line with market expectations.
A survey of 26 market observers last week showed that all participants predicted that one -year or five -year LPR would not change.
LPR is formed on the basis of the interest rate of medium -term lending facilities (MLF). On November 15th, the People's Bank of China increased its net offer in the MLF sequel this month, and the bid interest rate remained unchanged.
Most of China's new loans and uncomfortable loans are based on one -year LPR, while the five -year interest rate provides reference for interest rate pricing of long -term loans such as housing mortgage loans.
Since the beginning of this year, the one -year LPR has lowered 20 basis points, and the decrease of LPR by more than five years has been 10 basis points.The last adjustment was in August. Among them, the one -year LPR lowered 10 basis points, and LPR of more than five years remained unchanged.
