Editorial photo #10186448 Economy, Business and Finance
Housing Loans Interest Rate Reduction In China
A staff member at a bank's personal loan center is handling personal loans for customers in Haian City, Jiangsu Province, China, on June 20, 2023. The People's Bank of China has authorized the National Interbank Lending Center to announce the latest loan market quotation rate (LPR): 1-year LPR is 3.55%, and 5-year LPR is 4.2%, both down 10 basis points from the previous month. This is the first "cut" in mortgage rates this year. (Photo by Costfoto/NurPhoto)
