The People's Bank of China kept its benchmark interest rates for corporate and household loans steady for the 18th straight month at its October fixing. The one-year loan prime rate (LPR) was left unchanged at 3.85%, while the five-year remained at 4.65%. At the same time, the PBoC offered a total CNY 100 billion of seven-day reverse repos at an interest rate of 2.2 percent. With CNY 10 billion of reverse repos maturing on Wednesday, the central bank injected CNY 90 billion on a net basis on the day. The central bank said the move aims to maintain the reasonable and sufficient liquidity of the banking system. source: People's Bank of China
Interest Rate in China averaged 4.50 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 October 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. In the long-term, the China Loan Prime Rate is projected to trend around 3.85 percent in 2022, according to our econometric models.