The People’s Bank of China (PBoC) kept key lending rates at record lows for an eighth consecutive month in January, in line with market expectations, after earlier reductions to the central bank’s relending and rediscount facility rates had already taken effect. Last Thursday, the PBoC announced cuts to sector-specific interest rates of 25 bps, effective January 19, to provide an early boost to the economy. 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, was unchanged at 3.5%. Both rates were last cut by 10 bps in May. The decision followed data released on Monday showing that GDP growth in 2025 met the official target of 5%, despite a lingering property sector crisis. Meanwhile, new yuan loans in December were significantly higher than in November and exceeded market expectations, supported by government stimulus measures aimed at boosting credit demand. 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 February 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
2025-11-20 01:15 AM Loan Prime Rate 1Y 3% 3% 3% 3%
2025-12-22 01:15 AM Loan Prime Rate 1Y 3% 3% 3.0% 3.0%
2026-01-20 01:15 AM Loan Prime Rate 1Y 3% 3% 3% 3.0%
2026-02-24 01:15 AM Loan Prime Rate 1Y 3%
2026-03-20 01:15 AM Loan Prime Rate 1Y
2026-04-20 01:15 AM Loan Prime Rate 1Y


Related Last Previous Unit Reference
Banks Balance Sheet 4736385.67 4718865.01 CNY Hundred Million Dec 2025
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jan 2026
Central Bank Balance Sheet 481591.34 472969.70 CNY Hundred Million Dec 2025
Foreign Exchange Reserves 3358000.00 3346000.00 USD Million Dec 2025
Interbank Rate 1.58 1.58 percent Feb 2026
Loan Prime Rate 1Y 3.00 3.00 percent Jan 2026
Liquidity Injections Via Reverse Repo 118.50 75.00 CNY Billion Feb 2026
Outstanding Loan Growth YoY 6.40 6.40 percent Dec 2025
Loans To Banks 2693880.32 2684848.02 CNY Hundred Million Dec 2025
Loans to Households 832714.26 833631.03 CNY Hundred Million Dec 2025
Money Supply M0 14126.14 13736.94 CNY Billion Dec 2025
Money Supply M1 115514.65 112886.66 CNY Billion Dec 2025
M2 Money Supply YoY 340294.81 336989.05 CNY Billion Dec 2025
7-Day Reverse Repo Rate 1.40 1.40 percent Jan 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 8th Month
The People’s Bank of China (PBoC) kept key lending rates at record lows for an eighth consecutive month in January, in line with market expectations, after earlier reductions to the central bank’s relending and rediscount facility rates had already taken effect. Last Thursday, the PBoC announced cuts to sector-specific interest rates of 25 bps, effective January 19, to provide an early boost to the economy. 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, was unchanged at 3.5%. Both rates were last cut by 10 bps in May. The decision followed data released on Monday showing that GDP growth in 2025 met the official target of 5%, despite a lingering property sector crisis. Meanwhile, new yuan loans in December were significantly higher than in November and exceeded market expectations, supported by government stimulus measures aimed at boosting credit demand.
2026-01-20
China Keeps LPR Rates Steady for 7th Month
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.
2025-12-22
China Holds LPR Rates Steady for 6th Month
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.
2025-11-20