In the context of China, the Prime Rate (specifically the Loan Prime Rate or LPR) is the benchmark interest rate used by commercial banks to price loans for their most creditworthy customers. It serves as the primary reference for corporate and household lending across the country. The People's Bank of China (PBOC) uses this rate as a key tool to implement monetary policy and influence economic liquidity.
The LPR is calculated based on the interest rates of the PBOC's open market operations, specifically the Medium-term Lending Facility (MLF), plus a spread submitted by a panel of designated commercial banks.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 20, 2026 | 3.00 | 3.00 | 0.00 |
| Jul 20, 2026 | 3.00 | 3.00 | 0.00 |
| Jun 22, 2026 | 3.00 | 3.00 | 0.00 |
| May 20, 2026 | 3.00 | 3.00 | 0.00 |
| Apr 20, 2026 | 3.00 | 3.00 | 0.00 |
| Jan 20, 2026 | 3.00 | 3.00 | 0.00 |
| Dec 22, 2025 | 3.00 | 3.00 | 0.00 |
| Nov 20, 2025 | 3.00 | 3.00 | 0.00 |
| Oct 20, 2025 | 3.00 | 3.00 | 0.00 |
| Sep 22, 2025 | 3.00 | 3.00 | 0.00 |
| Aug 20, 2025 | 3.50 | 3.50 | 0.00 |
| Jul 21, 2025 | 3.00 | 3.00 | 0.00 |
| Jun 20, 2025 | 3.00 | 3.00 | 0.00 |
| May 20, 2025 | 3.00 | 3.00 | 0.00 |
| Apr 21, 2025 | 3.10 | 3.10 | 0.00 |
| Mar 20, 2025 | 3.10 | 3.10 | 0.00 |
| Feb 20, 2025 | 3.10 | 3.10 | 0.00 |
| Jan 20, 2025 | 3.10 | 3.10 | 0.00 |
| Dec 20, 2024 | 3.10 | 3.10 | 0.00 |
| Nov 20, 2024 | 3.10 | 3.10 | 0.00 |
| Oct 21, 2024 | 3.10 | 3.15 | -0.05 |
| Sep 20, 2024 | 3.35 | 3.35 | 0.00 |
| Jul 22, 2024 | 3.35 | 3.45 | -0.10 |
| Jun 20, 2024 | 3.45 | 3.45 | 0.00 |
| May 20, 2024 | 3.45 | 3.45 | 0.00 |
| Feb 20, 2024 | 3.45 | 3.45 | 0.00 |
| Jun 20, 2022 | 4.45 | 4.45 | 0.00 |
