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China Loan Prime Rate 5Y

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China Loan Prime Rate 5Y

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Delivery Method

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Status

 
Latest Release
Sep 20, 2024
Actual
3.85%
Forecast
3.85%
Previous
3.85%
The People’s Bank of China announced that beginning August 20, 2019, the loan prime rate (LPR) will be calculated under a new formation mechanism. Based on the citations made by quoting banks--by adding a few basis points to the interest rate of open market operations (mainly referring to the rate of the medium-term lending facility, or MLF)--the LPR is now calculated by the National Interbank Funding Center (NIFC), serving as the pricing reference for bank lending. Currently, the LPR consists of rates with two maturities, i.e. one year and over five years. At present, the LPR quoting facilities are comprised of 18 banks. The quoting banks will submit their quotes before 9:00 a.m. on the 20th day of every month (postponed in case of holidays), with 0.05 percentage points as the step length, to the NIFC.
Importance:
Country:
Currency: CNY
Source: People's Bank of China
China Loan Prime Rate 5Y
 
Release Date Time Actual Forecast Previous
Oct 20, 2024 (Oct) 21:00     3.85%
Sep 19, 2024 (Sep) 21:00 3.85% 3.85% 3.85%
Aug 19, 2024 (Aug) 21:00 3.85% 3.85% 3.85%
Jul 21, 2024 (Jul) 21:15 3.85% 3.95% 3.95%
Jun 19, 2024 (Jun) 21:15 3.95% 3.95% 3.95%
May 19, 2024 (May) 21:15 3.95% 3.95% 3.95%

News

China keeps loan prime rate unchanged in Sept
China keeps loan prime rate unchanged in Sept By Investing.com - Sep 19, 2024

Investing.com-- The People’s Bank of China kept its benchmark loan prime rate unchanged on Friday, but is expected to eventually trim the rate further amid steadily deteriorating economic conditions...

PBoC Loan Prime Rate Discussion

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