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People's Bank of China Loan Prime Rate

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People's Bank of China Loan Prime Rate

Frequency

Delivery Method

Website popup

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Status

 
Latest Release
Aug 20, 2021
Actual
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: The People Banks of China
People's Bank of China Loan Prime Rate
 
Release Date Time Actual Forecast Previous
Sep 21, 2021 21:30     3.85%
Aug 19, 2021 21:30 3.85%   3.85%
Jul 19, 2021 21:30 3.85%   3.85%
Jun 20, 2021 21:30 3.85%   3.85%
May 19, 2021 21:30 3.85%   3.85%
Apr 19, 2021 21:30 3.85% 3.85% 3.85%

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PBoC Loan Prime Rate Discussion

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