The LPR quotation in September was released: 3.45% for 1-year term and 4.2% for 5-year term and above.
According to the central bank website, the People's Bank of China authorized the National Interbank Funding Center to announce that the loan market quoted interest rate (LPR) on September 20, 2023 is: 1-year LPR is 3.45%, and 5-year and above LPR is 4.2%. The above LPR is valid until the next LPR is issued.
