The People's Bank of China kept its key lending rates at record lows for a 15th straight month in August 2026, in line with market expectations. The move reflected caution over the impact of the conflict in the Middle East, while Q2 GDP growth eased to its lowest level since Q4 2022, although exports remained strongly supported by AI-related demand. The one-year loan prime rate (LPR), the benchmark for most corporate and household borrowing, was kept at 3.0%, while the five-year LPR, a reference rate for mortgages, remained at 3.5%. Meanwhile, industrial production and retail sales growth also slowed in July. At the same time, new yuan loans extended fell in July, marking the sharpest contraction on record. Housing prices continued to decline in July, reflecting persistent weakness in the property sector. Last week, the central bank said it would maintain an appropriately loose monetary stance and roll out practical, effective measures as needed. 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 August 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
2026-06-22 01:15 AM Loan Prime Rate 1Y 3% 3% 3% 3.0%
2026-07-20 01:15 AM Loan Prime Rate 1Y 3% 3% 3% 3%
2026-08-20 01:15 AM Loan Prime Rate 1Y 3.0% 3% 3.0% 3.0%
2026-09-21 01:15 AM Loan Prime Rate 1Y 3.0%
2026-10-20 01:15 AM Loan Prime Rate 1Y
2026-11-20 01:15 AM Loan Prime Rate 1Y


Related Last Previous Unit Reference
Banks Balance Sheet 4915100.33 4916216.28 CNY Hundred Million Jul 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jul 2026
Central Bank Balance Sheet 502068.47 494334.98 CNY Hundred Million Jul 2026
Foreign Exchange Reserves 3419000.00 3416000.00 USD Million Jul 2026
Interbank Rate 1.43 1.43 percent Aug 2026
Loan Prime Rate 1Y 3.00 3.00 percent Aug 2026
Liquidity Injections Via Reverse Repo 103.00 239.50 CNY Billion Aug 2026
Outstanding Loan Growth YoY 5.10 5.30 percent Jul 2026
Loans To Banks 2791672.86 2797292.43 CNY Hundred Million Jul 2026
Loans to Households 824443.26 829045.57 CNY Hundred Million Jul 2026
Money Supply M0 14820.29 14736.48 CNY Billion Jul 2026
Money Supply M1 115462.30 118477.55 CNY Billion Jul 2026
M2 Money Supply YoY 356709.76 353668.89 CNY Billion Jun 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Jul 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 Leaves LPR Rate at Record Low for 15th Month
The People's Bank of China kept its key lending rates at record lows for a 15th straight month in August 2026, in line with market expectations. The move reflected caution over the impact of the conflict in the Middle East, while Q2 GDP growth eased to its lowest level since Q4 2022, although exports remained strongly supported by AI-related demand. The one-year loan prime rate (LPR), the benchmark for most corporate and household borrowing, was kept at 3.0%, while the five-year LPR, a reference rate for mortgages, remained at 3.5%. Meanwhile, industrial production and retail sales growth also slowed in July. At the same time, new yuan loans extended fell in July, marking the sharpest contraction on record. Housing prices continued to decline in July, reflecting persistent weakness in the property sector. Last week, the central bank said it would maintain an appropriately loose monetary stance and roll out practical, effective measures as needed.
2026-08-20
China Holds LPR Rates at Record Lows for 14th Month
The People’s Bank of China kept its key lending rates at record lows for a 14th straight month in July 2026, as widely expected. The move reflected caution over the fallout from the conflict in the Middle East, while Q2 GDP growth eased to its lowest level since Q4 2022, although exports remained strongly supported by AI-related demand. 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 persisted amid higher energy prices and supply chain disruptions linked to the Middle East conflict. Meanwhile, yuan lending in June was higher than in May, though its growth was slower than in June last year. Housing prices continued to decline in June, reflecting persistent weakness in the property sector.
2026-07-20
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