China Loan Prime Rate is at 3.45%, compared to 3.45% last month and 3.65% last year. This is lower than the long term average of 3.77%.
The China Loan Prime Rate (LPR) is the lending rate provided by commercial banks to their highest quality customers, and serves as the benchmark for rates provided for other loans. The LPR reporting group is comprised of 18 commercial banks in China, including an original core group of 10 national banks, plus two municipal commercial banks, two rural village commercial banks, two foreign invested banks and two privately operated banks.
