The LPR (Loan Prime Rate) for December has been released: the interest rates for both the 5-year and 1-year terms remain unchanged.
The People's Bank of China has authorized the National Interbank Funding Center to announce that the loan prime rate (LPR) on December 20, 2024 is 3.1% for 1-year loans and 3.6% for loans with a term of over 5 years.
The People's Bank of China authorizes the National Interbank Funding Center to announce that the loan market quoted interest rate (LPR) on December 20, 2024 is: 1-year LPR is 3.1%, and LPR for 5 years and above is 3.6%. The above LPR is valid until the next release of LPR.
This article is excerpted from the official website of the People's Bank of China, edited by GMTEight: Li Fo.
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