The People's Bank of China (PBoC) left its benchmark interest rates steady for the sixth straight month at its October fixing, after the central bank maintained borrowing costs on medium-term loans last week, amid continued efforts from policymakers to support recovery in the world’s second-largest economy from COVID-19 disruption. Recent economic data showed the economy has steadily recovered from the pandemic. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent after two cuts this year, while the five-year remained at 4.65 percent.
Interest Rate in China averaged 4.59 percent from 2013 until 2020, 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 2020. source: People's Bank of China
Interest Rate in China is expected to be 3.70 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 3.70 in 12 months time. In the long-term, the China Loan Prime Rate is projected to trend around 3.70 percent in 2021, according to our econometric models.