LPR remains unchanged for ten consecutive months

2026-03-21 01:46:29

People’s Financial News, March 21 — On March 20, the People’s Bank of China authorized the National Interbank Funding Center to announce the new Loan Prime Rate (LPR). The 1-year LPR remains at 3.0%, and the over 5-year LPR remains at 3.5%, unchanged for ten consecutive months. In March, the LPR for both tenors stayed the same, meeting market expectations. Experts believe that, on one hand, the stability of policy interest rates indicates that the pricing basis for the March LPR has not changed; on the other hand, commercial banks’ net interest margins remain low, and quoting banks lack the motivation to actively lower the LPR spread. (China Securities Journal)

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