BEIJING - China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3 percent Tuesday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Center.

LPRs reflect the level of financing costs for households and businesses. Lower rates will ease the burden on borrowers, leading to more investment and consumption.

ALSO READ: China cuts lending benchmark to help bolster economic recovery

Interest rates on newly issued loans in China have stayed at relatively low levels. Latest data shows that in December, the weighted average interest rates for new corporate loans and new personal housing loans were both at around 3.1 percent, down by 2.5 percentage points and 2.6 percentage points, respectively, since the second half of 2018.

China will maintain a more proactive fiscal policy and a moderately loose monetary policy in 2026, according to the Central Economic Work Conference held last December.