China Interest Rate

Last Release

Sep 22, 2025

Actual

Units In

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
5.77 Apr 2014	3 May 2025	4.29 %	2013-2025	People's Bank of China

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.

Latest Updates

The People’s Bank of China (PBOC) kept key lending rates at record lows for a fourth straight month in September, in line with market expectations. The move followed its decision last week to leave the seven-day reverse repo rate unchanged. The one-year Loan Prime Rate (LPR)—the benchmark for most corporate and household borrowing—remained at 3.0%, while the five-year LPR, which anchors mortgage rates, stayed at 3.5%. Both were last lowered by 10 basis points in May. The decision came amid signs of easing Sino-US trade tensions, but against a backdrop of weakening domestic momentum and fresh US policy easing. Industrial output in August expanded at its weakest pace since August 2024, while retail sales growth hit a nine-month low. Although new yuan loans rebounded after July’s surprise contraction, credit expansion fell short of expectations.