Breaking News

China Loan Prime Rate 5Y

Latest Release

Dec 20, 2024

Actual

3.60%

Forecast

3.60%

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
Dec 20, 2024 (Dec)	01:00	3.60%	3.60%	3.60%
Nov 20, 2024 (Nov)	01:00	3.60%	3.60%	3.60%
Oct 21, 2024 (Oct)	01:00	3.60%	3.65%	3.85%
Sep 20, 2024 (Sep)	01:00	3.85%	3.85%	3.85%
Aug 20, 2024 (Aug)	01:00	3.85%	3.85%	3.85%
Jul 22, 2024 (Jul)	01:15	3.85%	3.95%	3.95%

News

China keeps loan prime rate unchanged in Dec with fiscal stimulus in focus By Investing.com - Dec 20, 2024

Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Friday, as expected, with Beijing now set to roll out more fiscal spending in the coming year to boost...

Asia stocks falter with Nvidia in focus, China leaves rates unchanged By Investing.com - Nov 20, 2024

Investing.com-- Asian stocks kept to a tight range on Wednesday as technology shares turned skittish before key earnings from Nvidia Corp , while Chinese markets struggled after Beijing left its...

China leaves loan prime rate unchanged amid stimulus, tariff watch By Investing.com - Nov 20, 2024

Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Wednesday, with Beijing seeking more clarity on U.S. politics before unlocking more support for the...

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