China's LPR holds steady for 14 consecutive months in July

Source: Mysteel Jul 21, 2026 14:00

China's benchmark lending rate, the Loan Prime Rate (LPR), remained unchanged in July, with the one-year and five-year-plus LPRs holding steady at 3.0% and 3.5%, respectively, for the 14th consecutive month.

The LPR serves as the benchmark for bank lending rates, with personal mortgage rates determined by adding or subtracting a spread from the five-year-plus LPR. According to the latest data from the People's Bank of China (PBOC), the average interest rate on newly issued personal housing loans in June