China's over-five-year LPR drops Tuesday

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China's loan prime rate (LPR), a market-based benchmark lending rate, saw its over-five-year rate, on which lenders base their mortgage rates, come in at 3.95 percent on Tuesday, down from the previous reading of 4.2 percent.

The one-year LPR remained unchanged at 3.45 percent, according to the National Interbank Funding Center.

Source(s): Xinhua News Agency