Raising Liquidity in ChinaChina pumped the most liquidity into its financial system via short-term policy loans on record, a sign policymakers are likely to keep interest rates low to bolster a nascent economic recovery.
The People’s Bank of China granted lenders a net 733 billion yuan ($100 billion) of cash with so-called
Key data points
Last release
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Observation period
Mar 20, 2025
Next release
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Forecast
3.10 %
Highest
5.77 % on Jun 16, 2014
Lowest
3.10 % on Mar 20, 2025
About China interest rate
The People’s Bank of China (PBOC) on August 17th, 2019, designated the Loan Prime Rate (LPR) the new lending benchmark for new bank loans to households and businesses, replacing the central bank’s benchmark one-year lending rate. The rate is based on a weighted average of lending rates from 18 commercial banks, which will submit their LPR quotations, based on what they have bid for PBOC liquidity in open market operations, to the national interbank funding center before 9am CST on the 20th of every month.
$CNINTR - Interest Rates Cut- The People’s Bank of China on Tuesday trimmed its one-year loan prime rate (LPR) by 10 basis points from 3.65% to 3.55%, and reduced the five-year rate by the same margin to 4.2%. The cuts follow reductions in other interest rates last week.
The LPR sets the interest that commercial banks charge
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Frequently Asked Questions
China interest rate is 3.1% at the moment.
Last month China interest rate was 3.1%, and the month before it reached 3.1%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.