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 |
|---|---|---|---|
| Jul 23, 2026 | 10.50 | — | — |
| May 28, 2026 | 10.50 | — | — |
| Jan 29, 2026 | 10.25 | — | — |
| Nov 20, 2025 | 10.25 | — | — |
| Sep 18, 2025 | 10.50 | — | — |
| Jul 31, 2025 | 10.50 | — | — |
| May 29, 2025 | 10.75 | — | — |
| Mar 20, 2025 | 11.00 | — | — |
| Jan 30, 2025 | 11.00 | — | — |
| Nov 21, 2024 | 11.25 | — | — |
| Sep 19, 2024 | 11.50 | — | — |
| Jul 18, 2024 | 11.75 | — | — |
| Mar 27, 2024 | 11.75 | — | — |
