The People's Bank of China kept its benchmark interest rates for corporate and household loans steady for the 19th straight month at its November fixing, as policymakers seek to limit risk-taking in the property sector. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent, while the five-year remained at 4.65 percent. In its third quarter monetary policy report, the PBoC said monetary policy will be "flexible and precise-targeted, appropriate and moderate", suggesting a shift in stance toward more supportive measures, Bloomberg reported citing major banks like Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc. Still, the central bank will likely move cautiously in changing any monetary policy measures which could include a cut in the RRR. source: People's Bank of China

Interest Rate in China averaged 4.49 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 December 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
2021-09-22 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% 3.85% 3.85%
2021-12-20 01:30 AM 3.85% 3.85%


Related Last Previous Unit Reference
Interest Rate 3.85 3.85 percent Dec/21
Cash Reserve Ratio 12.00 12.00 percent Dec/21
Interbank Rate 3.13 3.25 percent Dec/21
Money Supply M1 62610.00 62464.57 CNY Billion Oct/21
Money Supply M0 8610.00 8686.71 CNY Billion Oct/21
Money Supply M2 233620.00 234282.97 CNY Billion Oct/21
Central Bank Balance Sheet 394919.35 391973.65 CNY HML Oct/21
Foreign Exchange Reserves 3217614.00 3201000.00 USD Million Oct/21
Banks Balance Sheet 826.20 1660.00 CNY Billion Oct/21
Loans to Private Sector 15900.00 29000.00 CNY HML Oct/21
Deposit Interest Rate 0.35 0.35 percent Nov/21
Loan Growth 11.90 11.90 percent Oct/21
Reverse Repo Rate 2.20 2.20 percent Dec/21
Liquidity Injections Via Reverse Repo 10.00 10.00 CNY Billion Dec/21
Loans To Banks 1896294.50 1887963.25 CNY HML Oct/21
Lending Rate 4.35 4.35 percent Oct/21

News Stream
China Holds LPR Steady for 19th Month
The People's Bank of China kept its benchmark interest rates for corporate and household loans steady for the 19th straight month at its November fixing, as policymakers seek to limit risk-taking in the property sector. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent, while the five-year remained at 4.65 percent. In its third quarter monetary policy report, the PBoC said monetary policy will be "flexible and precise-targeted, appropriate and moderate", suggesting a shift in stance toward more supportive measures, Bloomberg reported citing major banks like Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc. Still, the central bank will likely move cautiously in changing any monetary policy measures which could include a cut in the RRR.
2021-11-22
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

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.