November LPR quote released: 5-year and 1-year rates remain unchanged

On November 20th, the People's Bank of China authorized the National Interbank Funding Center to announce that the Loan Prime Rate (LPR) for November 20, 2024, is 3.1% for a 1-year term and 3.6% for terms of 5 years or more. The above LPR will be effective until the next LPR is released. This article is excerpted from the official website of the People's Bank of China, edited by GMTEight: Jiang Yuanhua.