Financial News: China Holds Loan Prime Rates As Expected

China Holds Loan Prime Rates As Expected

06/20/2025 - 01:14:00 (RTTNews)

(RTTNews) - The People's Bank of China left its benchmark interest rate unchanged on Friday after reducing it last month.

The central bank maintained its one-year loan prime rate at 3.0 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent.

The bank had cut its both LPRs by 25 basis points each in October 2024 and 10 basis points each in May.

The PBoC fixes the LPR monthly based on the submission of 18 designated banks. However, Beijing has influence over the fixing. The LPR replaced the traditional benchmark lending rate in August 2019.

Data released earlier this week suggested that the economy is likely to achieve its around 5 percent growth target in the first half of the year amid easing trade tensions.

Although industrial production growth softened to 5.8 percent in May from 6.1 percent in April, retail sales growth accelerated to 6.4 percent from 5.1 percent a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

French Manufacturing Sentiment Weakens In June (09 min(s), 58 sec(s) ago)
(RTTNews) - French manufacturing confidence weakened slightly in June, largely reflecting the dete ...Full Story»

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves (34 min(s), 58 sec(s) ago)
(RTTNews) - UK retail sales declined more than expected in May as food store sales declined sharpl ...Full Story»

Japan Core Inflation Accelerates More Than Forecast (01 hr(s), 13 min(s), 58 sec(s) ago)
(RTTNews) - Japan's core inflation accelerated more than expected to a more than two-year high ...Full Story»

UK Budget Deficit Widens In May (02 hr(s), 51 min(s), 58 sec(s) ago)
(RTTNews) - UK public sector net borrowing increased in May despite an increase in government rece ...Full Story»

German Producer Prices Fall Most In 8 Months (03 hr(s), 16 min(s), 58 sec(s) ago)
(RTTNews) - Germany's producer prices declined at the fastest pace in eight months in May, Des ...Full Story»

UK Retail Sales Fall More Than Expected (03 hr(s), 59 min(s), 58 sec(s) ago)
(RTTNews) - UK retail sales declined more than expected in May on weak food store sales, data from ...Full Story»

European Economic News Preview: UK Retail Sales, Public Sector Finance Due (05 hr(s), 01 min(s), 58 sec(s) ago)
(RTTNews) - Retail sales and public sector finance from the UK and producer prices from Germany ar ...Full Story»

China Holds Loan Prime Rates As Expected (05 hr(s), 19 min(s), 58 sec(s) ago)
(RTTNews) - The People's Bank of China left its benchmark interest rate unchanged on Friday af ...Full Story»