The 5-year Loan Prime Rate (LPR) is the primary benchmark interest rate used by commercial banks in China to price long-term credit, most notably residential mortgages. It is a critical tool for the People's Bank of China (PBOC) to influence the housing market and long-term corporate investment. Changes in this rate directly affect borrowing costs for households and large-scale infrastructure projects.
The rate is calculated based on quotes provided by a panel of 20 designated commercial banks, which are submitted as a spread over the Medium-term Lending Facility (MLF) rate.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 20, 2026 | 3.50 | 3.50 | 0.00 |
| Jul 20, 2026 | 3.50 | 3.50 | 0.00 |
| Jun 22, 2026 | 3.50 | 3.50 | 0.00 |
| May 20, 2026 | 3.50 | 3.50 | 0.00 |
| Apr 20, 2026 | 3.50 | 3.50 | 0.00 |
| Mar 20, 2026 | 3.50 | 3.50 | 0.00 |
| Feb 24, 2026 | 3.50 | 3.50 | 0.00 |
| Jan 20, 2026 | 3.50 | 3.50 | 0.00 |
| Dec 22, 2025 | 3.50 | 3.50 | 0.00 |
| Nov 20, 2025 | 3.50 | 3.50 | 0.00 |
| Oct 20, 2025 | 3.50 | 3.50 | 0.00 |
| Sep 22, 2025 | 3.50 | 3.50 | 0.00 |
| Aug 20, 2025 | 3.50 | 3.50 | 0.00 |
| Jul 21, 2025 | 3.50 | 3.50 | 0.00 |
| Jun 20, 2025 | 3.50 | 3.50 | 0.00 |
| May 20, 2025 | 3.50 | 3.50 | 0.00 |
| Apr 21, 2025 | 3.60 | 3.60 | 0.00 |
| Mar 20, 2025 | 3.60 | 3.60 | 0.00 |
| Feb 20, 2025 | 3.60 | 3.60 | 0.00 |
| Jan 20, 2025 | 3.60 | 3.60 | 0.00 |
| Dec 20, 2024 | 3.60 | 3.60 | 0.00 |
| Nov 20, 2024 | 3.60 | 3.60 | 0.00 |
| Oct 21, 2024 | 3.60 | 3.65 | -0.05 |
| Sep 20, 2024 | 3.85 | 3.85 | 0.00 |
| Aug 20, 2024 | 3.85 | 3.85 | 0.00 |
| Jul 22, 2024 | 3.85 | 3.95 | -0.10 |
| Jun 20, 2024 | 3.95 | 3.95 | 0.00 |
| May 20, 2024 | 3.95 | 3.95 | 0.00 |
| Apr 22, 2024 | 3.95 | 3.95 | 0.00 |
| Mar 20, 2024 | 3.95 | 3.95 | 0.00 |
| Feb 20, 2024 | 3.95 | 4.05 | -0.10 |
| Jan 22, 2024 | 4.20 | 4.20 | 0.00 |
| Dec 20, 2023 | 4.20 | 4.20 | 0.00 |
| Nov 20, 2023 | 4.20 | 4.20 | 0.00 |
| Oct 20, 2023 | 4.20 | 4.20 | 0.00 |
| Sep 20, 2023 | 4.20 | 4.20 | 0.00 |
| Aug 21, 2023 | 4.20 | 4.05 | +0.15 |
| Jul 20, 2023 | 4.20 | 4.20 | 0.00 |
| Jun 20, 2023 | 4.20 | 4.20 | 0.00 |
| May 22, 2023 | 4.30 | 4.30 | 0.00 |
| Apr 20, 2023 | 4.30 | 4.30 | 0.00 |
| Mar 20, 2023 | 4.30 | 4.30 | 0.00 |
| Feb 20, 2023 | 4.30 | 4.30 | 0.00 |
| Jan 20, 2023 | 4.30 | 4.30 | 0.00 |
| Dec 20, 2022 | 4.30 | 4.30 | 0.00 |
| Nov 21, 2022 | 4.30 | 4.30 | 0.00 |
| Oct 20, 2022 | 4.30 | 4.30 | 0.00 |
| Sep 20, 2022 | 4.30 | 4.30 | 0.00 |
| Aug 22, 2022 | 4.30 | 4.35 | -0.05 |
| Jul 20, 2022 | 4.45 | 4.45 | 0.00 |
