China decided on Monday to keep the one-year loan prime rate at 3 percent, unchanged from the previous month.

The over-five-year loan prime rate, which many lenders use as a benchmark for mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Center.

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Earlier last week, data from the People's Bank of China showed that yuan-denominated loans increased by 10.72 trillion yuan (approximately 1.58 trillion US dollars) in the first half of 2026.

According to the People's Bank of China, the balance of yuan loans stood at 282.63 trillion yuan at the end of last June, an annual increase of 5.2 percent.

Data released last Wednesday also showed that the total financing balance for the real economy reached 462.06 trillion yuan at the end of last month, an annual increase of 7.4 percent.

Yuan deposits rose by 17.76 trillion yuan in the first half of 2026, with household deposits increasing by 7.58 trillion yuan.

This year's government work report indicated that China will continue to implement a moderately accommodative monetary policy throughout 2026.