The PBoC slashed its five-year Loan Prime Rate (LPR), which is a reference for home mortgages, by 15bps to 4.45% in May 2022, the most since a revamp of the rate in 2019, and following a 5bps cut in January. A few days earlier, the central bank cut the floor on the rate for new mortgages to 20 basis points below the five-year LPR. The moves aim to boost loan demand and shore up a slowing economy due to the worst coronavirus outbreak in over two years and a property crisis. Meanwhile, the one-year LPR which is a reference for corporate and household loans, was kept unchanged at 3.7% after cuts of 5 and 10 bps in December and January. source: People's Bank of China

Loan Prime Rate 5Y in China averaged 4.68 percent from 2019 until 2022, reaching an all time high of 4.85 percent in September of 2019 and a record low of 4.45 percent in May of 2022. 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 May of 2022.

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China Loan Prime Rate 5Y

Related Last Previous Unit Reference
Interest Rate 3.70 3.70 percent May 2022
Cash Reserve Ratio 11.25 11.25 percent May 2022
Interbank Rate 3.26 2.47 percent May 2022
Money Supply M1 63610.00 64506.38 CNY Billion Apr 2022
Money Supply M0 9560.00 9514.19 CNY Billion Apr 2022
Money Supply M2 249970.00 249768.83 CNY Billion Apr 2022
Central Bank Balance Sheet 389336.03 398725.89 CNY HML Apr 2022
Foreign Exchange Reserves 3119700.00 3188000.00 USD Million Apr 2022
Banks Balance Sheet 645.40 3130.00 CNY Billion Apr 2022
Loans to Private Sector 9102.00 46531.00 CNY HML Apr 2022
Deposit Interest Rate 0.35 0.35 percent Apr 2022
Loan Growth 10.90 11.40 percent Apr 2022
Loan Prime Rate 5Y 4.45 4.60 percent May 2022
Reverse Repo Rate 2.10 2.10 percent May 2022
Loans To Banks 2007906.57 2002913.34 CNY HML Apr 2022
Liquidity Injections Via Reverse Repo 10.00 10.00 CNY Billion Apr 2022
Lending Rate 4.35 4.35 percent Oct 2021