China: PBoC Interest Rate - Loan Prime Rate 1Y

Macro

2026-09-01

Description

China's 1-Year Loan Prime Rate (LPR 1Y) is a benchmark interest rate published by the People's Bank of China (PBoC) and serves as a reference for short-term loan rates across the country.

The LPR 1Y is determined by the quotations from 18 designated banks, which base their rates on the Medium-term Lending Facility (MLF) rate plus a spread that considers funding costs and risk factors, enhancing the transmission of market rates to loan rates.

This rate is published on the 20th of each month, reflecting the average rate for short-term loans to prime customers.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update
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AI Data Insight

According to the latest data, China's 1-year Loan Prime Rate (LPR) for Q3 2026 (August) remained at 3.0%, completely flat compared to the previous value. Despite recent weak economic data, the People's Bank of China (PBOC) chose to stand pat to evaluate policy effects. In the short term, policy focus may shift towards RRR cuts and targeted monetary tools.

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AI Data Insight

According to the latest data, China's 1-year Loan Prime Rate (LPR) for Q3 2026 (August) remained at 3.0%, completely flat compared to the previous value. Despite recent weak economic data, the People's Bank of China (PBOC) chose to stand pat to evaluate policy effects. In the short term, policy focus may shift towards RRR cuts and targeted monetary tools.

Dive in →

You May Also Like

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Macro
Description

China's 1-Year Loan Prime Rate (LPR 1Y) is a benchmark interest rate published by the People's Bank of China (PBoC) and serves as a reference for short-term loan rates across the country.

The LPR 1Y is determined by the quotations from 18 designated banks, which base their rates on the Medium-term Lending Facility (MLF) rate plus a spread that considers funding costs and risk factors, enhancing the transmission of market rates to loan rates.

This rate is published on the 20th of each month, reflecting the average rate for short-term loans to prime customers.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update
Hashtags