China’s Loan Prime Rate Remains Unchanged for 19th Consecutive Month

The benchmark rate for the Chinese banking sector has held steady for the 19th consecutive month in the month of November. 

The LPR’s is­sued by Chi­na’s Na­tional In­ter­bank Fund­ing Cen­ter (全国银行间同业拆借中心) on 22 November were 3.85% for the one year LPR and 4.65% for the five year LPR – the same as the readings for the preceding month. 

Chi­na’s LPR’s have re­mained at the same level since April 2020, when the one year LPR fell by 20 ba­sis points com­pared to the March read­ing of 4.05%, and the five year LPR fell by 10 ba­sis points from 4.75%.