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China keeps lending benchmark LPRs unchanged for 13th month in June

By Reuters Reuters
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo Jason Lee Reuters

SHANGHAI - China left benchmark lending rates unchanged for the 13th consecutive month in June on Monday, in line with market expectations.

The one-year loan prime rate (LPR) was kept at 3.00%, while the five-year LPR was unchanged at 3.50%.

In a Reuters survey of 30 market participants conducted last week, all participants predicted no change to either of the two rates.

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

(Reporting by Shanghai Newsroom; Editing by Christian Schmollinger)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published June 21, 2026 at 8:10 PM.

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