China: PBoC Interest Rate - Loan Prime Rate 1Y

Macro

2026-02-01
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
Hashtags

AI Data Insight

As of December 2025, China's one-year Loan Prime Rate (LPR) remained at 3.0%, standing pat for eight consecutive months. Despite market calls for rate cuts, the central bank has adopted a strategy of "prioritizing stability" in the short term, taking into account the narrowing net interest margins of banks and the prevention of idle fund circulation.

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AI Data Insight

As of December 2025, China's one-year Loan Prime Rate (LPR) remained at 3.0%, standing pat for eight consecutive months. Despite market calls for rate cuts, the central bank has adopted a strategy of "prioritizing stability" in the short term, taking into account the narrowing net interest margins of banks and the prevention of idle fund circulation.

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