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China Loan Prime Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.85 3.85 5.77 3.85 2013 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-21 01:30 AM 3.85% 3.85% 3.85% 3.85%
2020-10-20 01:30 AM 3.85% 3.85% 3.85% 3.85%
2020-11-20 01:30 AM 3.85% 3.85% 3.85%
2020-12-21 01:30 AM 3.85% 3.85% 3.85% 3.85%
2021-01-20 01:30 AM 3.85%
2021-02-22 01:30 AM
2021-03-22 01:30 AM
2021-04-20 01:30 AM


News Stream
China Holds LPR Steady for 8th Month
The People's Bank of China (PBoC) left its benchmark interest rates for corporate and household loans steady for the eighth straight month at its December fixing, in line with market consensus, as the economy continues to recover from the downturn caused by the COVID-19 pandemic. The one-year loan prime rate (LPR) was left unchanged at 3.85%, while the five-year remained at 4.65%. The decision came after the central bank made its largest-ever injection of medium-term funds last week to shore up liquidity. For the year, the one-year LPR was down a total of 30 bps of rate cuts, and the five-year rate was slashed by 15 bps of two cuts. Xinhua news agency reported that China will maintain policy support for its economic recovery, avoiding a sudden shift in policy, to help keep economic growth within a reasonable range in 2021.
2020-12-21
China Keeps Benchmark LPR Steady for 7th Month
The People's Bank of China (PBoC) left its benchmark interest rates steady for the seventh straight month at its November fixing, after holding borrowing costs on medium-term loans earlier this week, amid efforts to keep conditions accommodative to support the recovery from the COVID-19 disruption. 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.
2020-11-20
China Keeps LPR Steady for 6th Month
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.
2020-10-20
China Keeps 1-Year LPR Steady for 5th Month
The People's Bank of China (PBoC) left its benchmark interest rates steady for the fifth straight month at its September fixing, after the central bank maintained borrowing costs on medium-term loans last week, as policymakers face a challenge in sustaining stable expansion over the next few years. Recent economic data showed the economy has steadily recovered from the COVID-19 shocks. The one-year loan prime rate (LPR) was left unchanged at 3.85 percent while the five-year remained at 4.65 percent.
2020-09-21

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.