Breaking News

China Loan Prime Rate 5Y

Latest Release

Oct 21, 2024

Actual

3.60%

Forecast

3.65%

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

Release Date	Time	Actual	Forecast	Previous
Nov 19, 2024 (Nov)	20:00		3.60%	3.60%
Oct 20, 2024 (Oct)	20:00	3.60%	3.65%	3.85%
Sep 19, 2024 (Sep)	20:00	3.85%	3.85%	3.85%
Aug 19, 2024 (Aug)	20:00	3.85%	3.85%	3.85%
Jul 21, 2024 (Jul)	20:15	3.85%	3.95%	3.95%
Jun 19, 2024 (Jun)	20:15	3.95%	3.95%	3.95%

News

China cuts loan prime rate slightly more than expected By Investing.com - Oct 20, 2024

Investing.com-- The People’s Bank of China cut its benchmark loan prime rate by slightly more than expected on Monday, with the cut coming amid a flurry of measures from Beijing to shore up economic...

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...

China keeps loan prime rate unchanged after surprise cut in July By Investing.com - Aug 19, 2024

Investing.com-- The People’s Bank of China kept its benchmark loan prime rate unchanged on Tuesday after a surprise cut in July, with Beijijng maintaining ultra-loose monetary policies to help support...

PBoC Loan Prime Rate Discussion

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