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.