From the PBOC on Monday 22 November 2021 is the monthly Loan Prime Rate setting (LPR)

1 year LPR %

  • expected 3.85%, prior 3.85%

5 year LPR %

  • expected 4.65%, prior 4.65%

These benchmark rates have been unchanged for 18 months and given the People's Bank of China (PBOC) left the interest rate on its medium-term loans (MLF) unchanged last week unchanged is expected again today. The MLF interest rate sets a baseline for commercial bank LPR rates.