The People's Bank of China (PBoC) left its benchmark interest rates steady for the fifth straight month at its September fixing, after the central bank maintained borrowing costs on medium-term loans last week, as policymakers face a challenge in sustaining stable expansion over the next few years. Recent economic data showed the economy has steadily recovered from the COVID-19 shocks. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent while the five-year remained at 4.65 percent.

Interest Rate in China averaged 4.60 percent from 2013 until 2020, reaching an all time high of 5.77 percent in April of 2014 and a record low of 3.85 percent in April of 2020. 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 September of 2020. source: People's Bank of China

Interest Rate in China is expected to be 3.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in China to stand at 3.70 in 12 months time. In the long-term, the China Loan Prime Rate is projected to trend around 3.70 percent in 2021, according to our econometric models.

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China Loan Prime Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.85 3.85 5.77 3.85 2013 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 01:30 AM 3.85% 3.85% 3.7%
2020-07-20 01:30 AM 3.85% 3.85% 3.85% 3.85%
2020-08-20 01:30 AM 3.85% 3.85% 3.85%
2020-09-21 01:30 AM 3.85% 3.85% 3.85% 3.85%
2020-10-20 01:30 AM 3.85% 3.85%
2020-11-20 01:30 AM 3.85%
2020-12-21 01:30 AM 3.7%


News Stream
China Keeps 1-Year LPR Steady for 5th Month
The People's Bank of China (PBoC) left its benchmark interest rates steady for the fifth straight month at its September fixing, after the central bank maintained borrowing costs on medium-term loans last week, as policymakers face a challenge in sustaining stable expansion over the next few years. Recent economic data showed the economy has steadily recovered from the COVID-19 shocks. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent while the five-year remained at 4.65 percent.
2020-09-21
China Keeps Loan Prime Rate Steady for 4th Month
The People's Bank of China (PBoC) held its benchmark interest rates steady for the fourth straight month at its August fixing, amid signs that the economy is recovering from the shock caused by the COVID-19 crisis, and in line with market expectations. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent from the previous monthly fixing while the five-year remained at 4.65 percent.
2020-08-20
China Keeps 1-Year LPR Unchanged for 3rd Month
The People's Bank of China (PBoC) held its benchmark interest rates steady for the third straight month at its July fixing, amid signs that the economy is recovering from the shock caused by COVID-19 crisis. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent from the previous monthly fixing while the five-year remained at 4.65 percent.
2020-07-20
PBoC Vows Further Monetary Support
The People Bank of China pledged stronger fiscal and monetary adjustment and better policy coordination and implementation to help offset the impact of the coronavirus on economic growth. During its quarterly monetary policy committee meeting, the central bank said it will implement multiple monetary policy tools to maintain liquidity at a reasonable and sufficient level. It will also raise the proportion of smaller company, credit and manufacturing loans and maintain the stability of the yuan.
2020-06-29

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.