China holds loan prime rates steady as borrowing costs ease

China kept its one-year loan prime rate at 3 per cent and the five-year rate at 3.5 per cent, as per the National Interbank Funding Center.
In July, average interest rates on new corporate loans fell to 3.2 per cent, while new mortgage rates eased to 3.1 per cent.
The 2025 government work report reiterated a moderately loose monetary policy to bolster economic growth.