The People’s Bank of China (PBoC) maintained the five-year loan prime rate (LPR), the benchmark for mortgage rates, at a record low of 3.5% for a 17th consecutive month in its October fixing, following a 10-basis-point cut in May 2025. Recent data showed that new home prices in China declined for the 39th consecutive month, reflecting persistent weakness in the property sector, though the pace of contraction was the slowest in nine months as ongoing policy support helped ease pressure on the property market. source: People's Bank of China
Loan Prime Rate 5Y in China remained unchanged at 3.50 percent in October. Loan Prime Rate 5Y in China averaged 4.18 percent from 2019 until 2026, reaching an all time high of 4.85 percent in September of 2019 and a record low of 3.50 percent in May of 2025. This page includes a chart with historical data for China Loan Prime Rate 5Y. China Loan Prime Rate 5Y - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.
Loan Prime Rate 5Y in China remained unchanged at 3.50 percent in October. Loan Prime Rate 5Y in China is expected to be 3.50 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 5Y is projected to trend around 3.35 percent in 2027 and 3.15 percent in 2028, according to our econometric models.