The People’s Bank of China kept its key lending rates at record lows for a 13th straight month in June 2026, as widely expected. The move reflected caution over the fallout from the conflict in the Middle East, even as growth momentum has recently sputtered amid mixed economic data. The one-year loan prime rate (LPR), the benchmark for most corporate and household borrowing, was held at 3.0%, while the five-year LPR, a reference rate for mortgages, remained at 3.5%. Consumer and producer price pressures continued amid higher energy prices and supply chain disruptions linked to the Middle East conflict. Retail sales unexpectedly fell for the first time since December 2022 in May, while industrial output growth accelerated in the same month. Meanwhile, yuan loans rebounded in May after contracting in April, though their growth was slower than in May last year. Housing prices continued to decline in May, reflecting persistent weakness in the property sector. source: People's Bank of China

The benchmark interest rate in China was last recorded at 3 percent. Interest Rate in China averaged 4.28 percent from 2013 until 2026, reaching an all time high of 5.77 percent in April of 2014 and a record low of 3.00 percent in May of 2025. This page provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Loan Prime Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The benchmark interest rate in China was last recorded at 3 percent. Interest Rate in China is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Loan Prime Rate is projected to trend around 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-20 01:15 AM Loan Prime Rate 1Y 3% 3% 3.0% 3.0%
2026-05-20 01:15 AM Loan Prime Rate 1Y 3% 3% 3% 3.0%
2026-06-22 01:15 AM Loan Prime Rate 1Y 3% 3% 3% 3.0%
2026-07-20 01:15 AM Loan Prime Rate 1Y
2026-08-20 01:15 AM Loan Prime Rate 1Y
2026-09-21 01:15 AM Loan Prime Rate 1Y


Related Last Previous Unit Reference
Banks Balance Sheet 4886518.00 4876846.61 CNY Hundred Million May 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent May 2026
Central Bank Balance Sheet 483806.92 486327.50 CNY Hundred Million May 2026
Foreign Exchange Reserves 3442000.00 3411000.00 USD Million May 2026
Interbank Rate 1.44 1.44 percent Jun 2026
Loan Prime Rate 1Y 3.00 3.00 percent Jun 2026
Liquidity Injections Via Reverse Repo 370.50 662.50 CNY Billion Jun 2026
Outstanding Loan Growth YoY 5.50 5.60 percent May 2026
Loans To Banks 2781037.72 2776937.91 CNY Hundred Million May 2026
Loans to Households 826399.82 827811.62 CNY Hundred Million May 2026
Money Supply M0 14685.47 14747.74 CNY Billion May 2026
Money Supply M1 114889.14 114583.37 CNY Billion May 2026
M2 Money Supply YoY 353668.89 353042.52 CNY Billion May 2026
7-Day Reverse Repo Rate 1.40 1.40 percent May 2026


China Loan Prime Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 5.77 3.00 2013 - 2026 percent Daily

News Stream
China Holds LPR Rates at Record Lows for 13th Month
The People’s Bank of China kept its key lending rates at record lows for a 13th straight month in June 2026, as widely expected. The move reflected caution over the fallout from the conflict in the Middle East, even as growth momentum has recently sputtered amid mixed economic data. The one-year loan prime rate (LPR), the benchmark for most corporate and household borrowing, was held at 3.0%, while the five-year LPR, a reference rate for mortgages, remained at 3.5%. Consumer and producer price pressures continued amid higher energy prices and supply chain disruptions linked to the Middle East conflict. Retail sales unexpectedly fell for the first time since December 2022 in May, while industrial output growth accelerated in the same month. Meanwhile, yuan loans rebounded in May after contracting in April, though their growth was slower than in May last year. Housing prices continued to decline in May, reflecting persistent weakness in the property sector.
2026-06-22
China Keeps LPR Rates at Record Lows for 12th Month
The People’s Bank of China maintained its key lending rates at record lows for a 12th straight month in May 2026, matching market expectations. The move reflected caution over the fallout from the conflict in the Middle East, even as growth momentum has recently sputtered, while consumer and producer price pressures accelerated amid higher energy prices and supply chain disruptions linked to the conflict. The one-year loan prime rate (LPR), the benchmark for most corporate and household borrowing, was held at 3.0%, while the five-year LPR, a reference rate for mortgages, remained at 3.5%. The decision came amid weakening economic data, with industrial output growing at its slowest pace since 2023 and retail sales rising at the weakest rate in four years. Meanwhile, the central bank continued to implement a moderately loose monetary policy in response to evolving domestic and global economic and financial conditions, as well as market developments.
2026-05-20
China Holds LPR Rates at Record Lows for 11th Month
The People’s Bank of China maintained its key lending rates at record lows for an 11th straight month in April 2026, matching market expectations. The move reflected caution about the fallout from the war in the Middle East, even as domestic deflationary pressures ease and early-year growth proves resilient. The one-year loan prime rate (LPR), the benchmark for most corporate and household borrowing, was held at 3.0%, while the five-year LPR, a reference for mortgage rates, remained at 3.5%. In Q1 2026, China's economy expanded by 5%, accelerating from 4.5% in late 2025 and placing it at the top of Beijing’s full-year target range. Authorities have lowered that target to 4.5%–5%, the least ambitious since the 1990s. Meanwhile, the central bank has pledged to keep policy “supportive” and “moderately loose” to shore up activity while maintaining currency stability.
2026-04-20