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.

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China Loan Prime Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-20 01:30 AM 3.85% 3.85% 3.85%
2021-09-22 01:30 AM 3.85% 3.85% 3.85%
2021-10-20 01:30 AM 3.85% 3.85% 3.85%
2021-11-22 01:30 AM 3.85%
2021-12-20 01:30 AM


News Stream
China Holds LPR Steady for 18th Month
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.
2021-10-20
China Holds Loan Prime Rate Unchanged for 17th Month
The People's Bank of China left its benchmark interest rates for corporate and household loans steady for a 17th straight month at its September fixing, as widely expected. The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year remained at 4.65%.
2021-09-22
PBOC Makes Biggest Weekly Cash Injection in 7 Months
The People’s Bank of China has injected a net CNY 120 billion into the banking system at the end of August, the largest weekly injection since the start of February, saying the decision aimed at maintaining "stable liquidity conditions at the end of the month". The central bank announced on Friday it would offer CNY 50 billion through seven-day reverse repos into the banking system for the third straight session. Earlier this month, the PBOC left its benchmark interest rates for corporate and household loans steady for a 16th straight month, as widely expected. The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year remained at 4.65%.
2021-08-27

China Last Unit Reference Previous Highest Lowest
Interest Rate 3.85 percent Oct/21 3.85 5.77 3.85
Cash Reserve Ratio 12.00 percent Oct/21 12.00 21.50 6.00
Interbank Rate 2.94 percent Oct/21 2.94 9.89 0.00
Money Supply M1 62460.00 CNY Billion Sep/21 62665.87 63747.94 74.51
Money Supply M0 8690.00 CNY Billion Sep/21 8505.92 9324.92 17.85
Money Supply M2 234280.00 CNY Billion Sep/21 231226.77 234280.00 5840.10
Central Bank Balance Sheet 391973.65 CNY HML Sep/21 379487.47 391973.65 34443.90
Foreign Exchange Reserves 3201000.00 USD Million Sep/21 3232000.00 3993212.72 2262.00
Banks Balance Sheet 1660.00 CNY Billion Sep/21 1220.00 3580.00 -32.10
Loans to Private Sector 29278.00 CNY HML Sep/21 29558.00 51870.00 -974.00
Loan Growth 11.90 percent Sep/21 12.10 34.44 10.60
Deposit Interest Rate 0.35 percent Sep/21 0.35 3.15 0.35
Reverse Repo Rate 2.20 percent Oct/21 2.20 4.40 2.20
Liquidity Injections Via Reverse Repo 200.00 CNY Billion Oct/21 200.00 1200.00 2.00
Loans To Banks 1887963.25 CNY HML Sep/21 1871147.52 1887963.25 413413.10
Lending Rate 4.35 percent Sep/21 4.35 12.06 4.35


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.