China Interest Rate

Last Release

Feb 20, 2025

Actual

3.1

Units In

3.1

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
5.77 Apr 2014	3.1 Oct 2024	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 its key lending rates unchanged for the fourth consecutive month in February, aligning with market expectations. The one-year loan prime rate (LPR), a benchmark for most corporate and household loans, was maintained at 3.1%, while the five-year LPR, a reference for property mortgages, remained at 3.6%. Both rates are at record lows following reductions in October and July last year. The decision came amid yuan fluctuations and US President Donald Trump's aggressive trade policy to boost the US economy through import taxes. Meanwhile, the PBoC recently stated it would tweak its monetary policy at the appropriate time to support the sluggish economy, including changes to interest rates and the bank reserve requirement ratio for commercial banks. Additionally, Beijing has committed to continuing a proactive fiscal policy this year, following a broader stimulus package introduced in September 2024.