The People's Bank of China (PBoC) kept its key lending rates unchanged for the third straight month at November fixing, amid continued downward pressure on the yuan and a slowdown in economic activity due to rising COVID cases and restrictions or lockdowns in several cities. The one-year loan prime rate (LPR), which uses for corporate and household loans, was kept at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. Lowering interest rates to revive the slowing economy could further widen China’s monetary policy against major economies, especially the US, which could trigger capital outflows. The central bank last week maintained its medium-term policy rate at 2.75% while partially rolling over maturing loans. China last cut both LPRs in August to support the economy. source: People's Bank of China

Interest Rate in China averaged 4.41 percent from 2013 until 2022, reaching an all time high of 5.77 percent in April of 2014 and a record low of 3.65 percent in August of 2022. This page provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Loan Prime Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Interest Rate in China is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Loan Prime Rate is projected to trend around 3.70 percent in 2023, according to our econometric models.

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China Loan Prime Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-20 01:15 AM 3.65% 3.65% 3.65% 3.65%
2022-10-20 01:15 AM 3.65% 3.65% 3.65%
2022-11-21 01:15 AM 3.65% 3.65% 3.65%
2022-12-20 01:15 AM 3.65% 3.65%


Related Last Previous Unit Reference
Interest Rate 3.65 3.65 percent Nov 2022
Cash Reserve Ratio 11.25 11.00 percent Nov 2022
Interbank Rate 2.47 2.69 percent Nov 2022
Money Supply M1 66210.00 66453.52 CNY Billion Oct 2022
Money Supply M0 9840.00 9867.21 CNY Billion Oct 2022
Money Supply M2 261290.00 262660.09 CNY Billion Oct 2022
Foreign Exchange Reserves 3052000.00 3028955.00 USD Million Oct 2022
Central Bank Balance Sheet 398871.25 397402.27 CNY HML Oct 2022
Banks Balance Sheet 615.20 2470.00 CNY Billion Oct 2022
Loans to Private Sector 9079.00 35271.00 CNY HML Oct 2022
Deposit Interest Rate 0.35 0.35 percent Oct 2022
Loan Growth 11.10 11.20 percent Oct 2022
Reverse Repo Rate 2.00 2.00 percent Nov 2022
Liquidity Injections Via Reverse Repo 2.00 3.00 CNY Billion Nov 2022
Loans To Banks 2104312.01 2098726.79 CNY HML Oct 2022
Lending Rate 4.35 4.35 percent Oct 2021

China Loan Prime Rate
The People’s Bank of China (PBOC) on August 17th, 2019, designated the Loan Prime Rate (LPR) the new lending benchmark for new bank loans to households and businesses, replacing the central bank’s benchmark one-year lending rate. The rate is based on a weighted average of lending rates from 18 commercial banks, which will submit their LPR quotations, based on what they have bid for PBOC liquidity in open market operations, to the national interbank funding center before 9am CST on the 20th of every month.
Actual Previous Highest Lowest Dates Unit Frequency
3.65 3.65 5.77 3.65 2013 - 2022 percent Daily

News Stream
China Holds LPR Rate Steady for 3rd Month
The People's Bank of China (PBoC) kept its key lending rates unchanged for the third straight month at November fixing, amid continued downward pressure on the yuan and a slowdown in economic activity due to rising COVID cases and restrictions or lockdowns in several cities. The one-year loan prime rate (LPR), which uses for corporate and household loans, was kept at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. Lowering interest rates to revive the slowing economy could further widen China’s monetary policy against major economies, especially the US, which could trigger capital outflows. The central bank last week maintained its medium-term policy rate at 2.75% while partially rolling over maturing loans. China last cut both LPRs in August to support the economy.
2022-11-21
China Holds Loan Prime Rate Steady
The People's Bank of China kept its key lending rates unchanged for a second straight month at October fixing, amid a rapid decline in the yuan and as policymakers tried to avoid stark policy divergence with other major economies. The one-year loan prime rate (LPR), which uses for corporate and household loans, was kept at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. In August, China cut benchmark interest rates following a resurgence of COVID-19 cases and a lingering property downturn. The central bank earlier this week maintained its medium-term policy rate at 2.75% while offering no injection or withdrawal from the banking system. The PBoC drained a net CNY 200 billion yuan each in August and September.
2022-10-20
China Holds LPR Lending Benchmark Unchanged
The People's Bank of China kept steady its key rates for corporate and household loans at September fixing, as widely expected, amid a rapid decline in yuan. The one-year loan prime rate (LPR) was held unchanged at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. The move came after the central bank last week maintained its medium-term policy rate while draining some liquidity from the banking system. The board on Monday, meanwhile, lowered the borrowing cost of 14-day reverse repos from 2.25% to 2.15% to revive credit and prop up the slowing economy, resuming the tool operations for the first time since late January. In August, China cut key interest rates following a new wave of COVID-19 and a lingering property downturn.
2022-09-20