The People's Bank of China (PBoC) left its key lending rates unchanged for the fifth straight month at January fixing, as widely expected. The decision came on the last working day in China before the week-long Spring Festival holiday. The one-year loan prime rate (LPR), which uses for corporate and household loans, was kept unchanged at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. The central bank earlier in the week held steady its medium-term policy rate at 2.75% while offering more loans to some banks ahead of the Lunar New Year celebration. The PBoC in early January established a dynamic adjustment mechanism on mortgage rates for first-time home buyers. Meantime, PBoC's deputy governor Xuan Changneng recently said that the board had pledged to take further measures to boost market confidence and increase support for manufacturers and small companies, amid hopes that the economy will stage a solid rebound this year. . source: People's Bank of China

Interest Rate in China averaged 4.40 percent from 2013 until 2023, 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 February of 2023.

Interest Rate in China is expected to be 3.60 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 3.60 percent in 2024, according to our econometric models.

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China Loan Prime Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-21 01:15 AM 3.65% 3.65% 3.65%
2022-12-20 01:15 AM 3.65% 3.65% 3.65% 3.65%
2023-01-20 01:15 AM 3.65% 3.65% 3.65% 3.65%
2023-02-20 01:15 AM 3.65% 3.65%
2023-03-20 01:15 AM
2023-04-20 01:15 AM


Related Last Previous Unit Reference
Interest Rate 3.65 3.65 percent Feb 2023
Cash Reserve Ratio 11.00 11.00 percent Feb 2023
Interbank Rate 2.61 2.95 percent Feb 2023
Money Supply M1 67170.00 66704.26 CNY Billion Dec 2022
Money Supply M0 10470.00 9974.01 CNY Billion Dec 2022
Money Supply M2 266430.00 264700.85 CNY Billion Dec 2022
Foreign Exchange Reserves 3128000.00 3117000.00 USD Million Dec 2022
Banks Balance Sheet 1400.00 1210.00 CNY Billion Dec 2022
Central Bank Balance Sheet 416783.78 401527.62 CNY HML Dec 2022
Loans to Private Sector 13100.00 19900.00 CNY HML Dec 2022
Deposit Interest Rate 0.35 0.35 percent Jan 2023
Loan Growth 11.10 11.00 percent Dec 2022
Reverse Repo Rate 2.00 2.00 percent Feb 2023
Liquidity Injections Via Reverse Repo 506.00 156.00 CNY Billion Jan 2023
Loans To Banks 2130060.36 2115677.56 CNY HML Dec 2022
Lending Rate 4.35 4.35 percent Oct 2022

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 - 2023 percent Daily

News Stream
China Holds LPR Rate Steady for 5th Month
The People's Bank of China (PBoC) left its key lending rates unchanged for the fifth straight month at January fixing, as widely expected. The decision came on the last working day in China before the week-long Spring Festival holiday. The one-year loan prime rate (LPR), which uses for corporate and household loans, was kept unchanged at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. The central bank earlier in the week held steady its medium-term policy rate at 2.75% while offering more loans to some banks ahead of the Lunar New Year celebration. The PBoC in early January established a dynamic adjustment mechanism on mortgage rates for first-time home buyers. Meantime, PBoC's deputy governor Xuan Changneng recently said that the board had pledged to take further measures to boost market confidence and increase support for manufacturers and small companies, amid hopes that the economy will stage a solid rebound this year.
2023-01-20
China Holds LPR Rate Steady for 4th Month
The People's Bank of China (PBoC) left its key lending rates unchanged for the fourth straight month at December fixing, as widely expected, as the central bank continued to strike a balance between shoring up a COVID-hit economy and curbing further fall in the yuan. The one-year loan prime rate (LPR), which uses for corporate and household loans, was held unchanged at 3.65%; while the five-year rate, a reference for mortgages, was maintained at 4.3%. 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.
2022-12-20
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