China's 1-year LPR unchanged at 3.45% in October 2023

Insights

• China's one-year loan prime rate (LPR) remained at 3.45 per cent in October 2023, as per the National Interbank Funding Center.
• The over-five-year LPR also stood unchanged at 4.2 per cent.
• The one-year rate was reduced in August by 10 basis points to 3.45 per cent, while the over-five-year rate saw a similar decrease to 4.2 per cent in June.