China interest rateChina interest rateChina interest rate

China interest rate

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Key data points

Last release
Next release
Time to release
Forecast
Observation period
May 2024
Highest
5.77%Apr 1, 2014
Lowest
3.45%Aug 21, 2023

About China interest rate

Category
Money
Frequency
Monthly
Units
%
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.