The People’s Bank of China authorized the National Interbank Funding Center to announce that on August 22, 2022, the loan market quoted interest rate (LPR) is: 1-year LPR is 3.65%, down by 5 basis points, and LPR for more than 5 years is 4.3%, down 15 basis points… This is the third time the LPR has been cut this year. Cumulatively, since the beginning of this year, the 1-year LPR and the 5-year LPR have decreased by 15 basis points and 35 basis points respectively.
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Sina
Related events
- Five-year LPR cut by 15 basis points2022-08-22
- The central bank slightly reduced the volume to continue with 400 billion MLF, which is expected to drive the LPR down this month2022-08-15
- Expert: LPR quotations remain unchanged in July, in line with expectations2022-07-20
- U.S. mortgage rates fell to 5.1%, the biggest drop since April 20202022-05-26
- The lower limit of the first home loan interest rate is reduced by 20 basis points2022-05-15
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