China One-Year Medium-Term Lending Facility Rate was at 2.95 percent on Friday July 30. source: People's Bank of China

Bank Lending Rate in China averaged 3.03 percent from 2016 until 2021, reaching an all time high of 3.30 percent in April of 2018 and a record low of 2.95 percent in April of 2020. This page provides - China Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China One-Year Medium-Term Lending Facility Rate - values, historical data and charts - was last updated on August of 2021.

Bank Lending Rate in China is expected to be 2.95 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China One-Year Medium-Term Lending Facility Rate is projected to trend around 3.10 percent in 2022 and 3.35 percent in 2023, according to our econometric models.

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China One-Year Medium-Term Lending Facility Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.95 2.95 3.30 2.95 2016 - 2021 percent Daily


China One-Year Medium-Term Lending Facility Rate
In China, the One-Year Medium-Term Lending Facility Rate is the main rate at which the central bank lends to big commercial banks. The MLF rate acts as a guide for the PBOC’s new lending benchmark, the Loan Prime Rate (LPR).