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%. source: People's Bank of China

Interest Rate in China averaged 4.51 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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
3.85 3.85 5.77 3.85 2013 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-06-21 01:30 AM 3.85% 3.85% 3.85%
2021-07-20 01:30 AM 3.85% 3.85% 3.85%
2021-08-20 01:30 AM 3.85% 3.85% 3.85%
2021-09-22 01:30 AM 3.85% 3.85% 3.85%
2021-10-20 01:30 AM 3.85%
2021-11-22 01:30 AM
2021-12-20 01:30 AM
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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
PBOC Makes Biggest Weekly Cash Injection in 7 Months
The People’s Bank of China has injected a net CNY 120 billion into the banking system at the end of August, the largest weekly injection since the start of February, saying the decision aimed at maintaining "stable liquidity conditions at the end of the month". The central bank announced on Friday it would offer CNY 50 billion through seven-day reverse repos into the banking system for the third straight session. Earlier this month, the PBOC left its benchmark interest rates for corporate and household loans steady for a 16th straight month, as widely expected. The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year remained at 4.65%.
2021-08-27
China Holds LPR Steady for 16th Month
The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the 16th straight month at its August 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%. Most new and outstanding loans in China are based on the one-year LPR while the five-year is used for the pricing of mortgages. Meantime, the PBoC reportedly has injected billions of yuan through medium-term loans into the financial system earlier this week.
2021-08-20
China Holds Benchmark LPR Steady for 15th Month
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.
2021-07-20

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.