Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

China Interest Rate

Last Release
Apr 08, 2024
Actual
3.45
Units In
%
Previous
3.45
Frequency
Daily
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
5.77
Apr 2014
3.45
Aug 2023
4.3 %2013-2024People'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 kept benchmark lending rates unchanged at the March fixing, as widely expected. The one-year loan prime rate (LPR), the benchmark for most corporate and household loans, was retained at 3.45%. Meanwhile, the five-year rate, a reference for property mortgages, was maintained at 3.95% following the biggest-ever reduction of 25bps in February. Both rates are at record lows, as the central bank seeks to spur an economic turnaround in the face of headwinds from the property sector and a near-record low in consumer confidence. Wednesday's move came after monetary authorities left medium-term lending rates last week, and drained cash from the banking system for the first time since November 2022 due to worries that too much cash within the system might not flow into the real economy. Recently, the PBoC signaled there was room for further cuts of banks’ RRR. It also viewed that China has ample monetary policy tools and will use them to stabilize consumer prices.

China Interest Rate History

Last 12 readings

Trade With A Regulated Broker