China keeps key lending rates unchanged despite US rate hike

pboc building

China kept its benchmark lending rate unchanged today (June 20), despite the US Federal Reserve’s move last week to raise the interest rate by 75 basis points to fight inflation.

The one-year loan prime rate, or LPR, was kept at 3.7%, the People’s Bank of China announced. The LPR is determined by proposed rates submitted by 18 designated commercial banks.

The five-year LPR, a reference for mortgages, also remained steady at 4.45%, following a 15bp cut in May.

The announcement came after

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: