The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the 15th straight month at its July fixing, despite growing expectations for a cut after the central bank lowered the reserve requirement ratio by 50 basis points, which took effective starting from July 15th, releasing around CNY 1 trillion to support the economic recovery. The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year remained at 4.65%. The rate was unchanged for the 15th straight month. source: People's Bank of China

Interest Rate in China averaged 4.52 percent from 2013 until 2021, 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 July of 2021.

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 4.00 in 12 months time. In the long-term, the China Loan Prime Rate is projected to trend around 4.25 percent in 2022 and 4.50 percent in 2023, 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 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-04-20 01:30 AM 3.85% 3.85% 3.85% 3.85%
2021-05-20 01:30 AM 3.85% 3.85% 3.85%
2021-06-21 01:30 AM 3.85% 3.85% 3.85%
2021-07-20 01:30 AM 3.85% 3.85% 3.85%
2021-08-20 01:30 AM 3.85%
2021-09-20 01:30 AM
2021-10-20 01:30 AM
2021-11-22 01:30 AM


News Stream
China Holds Benchmark LPR Steady for 15th Month
The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the 15th straight month at its July fixing, despite growing expectations for a cut after the central bank lowered the reserve requirement ratio by 50 basis points, which took effective starting from July 15th, releasing around CNY 1 trillion to support the economic recovery. The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year remained at 4.65%. The rate was unchanged for the 15th straight month.
2021-07-20
China Holds Benchmark Rates Steady for 14th Month
The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the 14th straight month at its June fixing, as the economy continues to recover from the downturn caused by the COVID-19 shocks. The one-year loan prime rate (LPR) was left unchanged at 3.85%, while the five-year remained at 4.65%.
2021-06-21
China Holds Steady Loan Prime Rate for 13th Month
The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the 13th straight month at its May fixing, as the economy continues to recover from the downturn caused by the COVID-19 shocks. The one-year loan prime rate (LPR) was left unchanged at 3.85%, while the five-year remained at 4.65%.
2021-05-20
China Holds Benchmark LPR Steady for 12th Month
The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the twelfth straight month at its April fixing, in line with market consensus, as the economy continues to recover from the downturn caused by the COVID-19 shocks. The one-year loan prime rate (LPR) was left unchanged at 3.85%, while the five-year remained at 4.65%.
2021-04-20

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.