China Interest Rate

Last Release

Aug 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	4.29 %	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 the third consecutive month during the August fixing, in line with market expectations. The decision came despite recent economic data suggesting that the economy might be losing momentum. The one-year Loan Prime Rate (LPR)—the benchmark for most corporate and household loans—was kept steady at 3.0%, while the five-year LPR, which guides mortgage rates, remained unchanged at 3.5%. Data released last week showed that industrial output grew at its slowest pace in eight months in July, while retail sales posted their weakest growth since December 2024. Meanwhile, new yuan loans fell for the first time in 20 years, coming in well below analysts’ expectations, although broader credit growth showed some improvement. In its latest quarterly monetary policy implementation report, the central bank stated it would continue to implement and fine-tune a moderately loose monetary policy.