China’s loan prime rates remain unchanged

On June 20, China's National Interbank Funding Center announced that the one-year and over-five-year loan prime rates (LPR) remained unchanged. The one-year LPR held at 3 percent, while the over-five-year LPR stayed at 3.5 percent, unaffected by last month's slight decline in market-based benchmark lending rates. This stability reflects the country's efforts to maintain a moderately loose monetary policy and support economic activity amidst global uncertainties.