China Interest Rate

Last Release

Dec 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) maintained key lending rates at record lows for a seventh consecutive month in December, in line with market expectations. The move came after the central bank left its seven-day reverse repo rate unchanged at 1.4% this month, now serving as the main policy rate, following the central bank’s signalling less urgency for additional monetary stimulus as the economy is on track to meet this year’s growth target. 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 in November eased amid lingering property sector crises. Meanwhile, new yuan loans came in below October levels and market expectations, highlighting continued weakness in credit demand.