China Interest Rate

Last Release

Nov 20, 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	4.28 %	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 sixth consecutive month in November, in line with market expectations. The move followed its decision to leave the seven-day reverse repo rate unchanged this month, now serving as the main policy rate, after the central bank signalled less urgency for additional monetary stimulus amid easing Sino-US trade tensions. 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, held at 3.5%. Both rates were last lowered by 10 basis points in May. The decision came after last week’s data showed that retail sales and industrial output growth eased to a 14-month low, while the October release revealed that Q3 GDP grew at the slowest pace since Q3 2024. Meanwhile, new yuan loans came in below market expectations, highlighting continued weakness in credit demand.