CH 1-y Loan Prime Rate
It's an important driver of risk appetite - lower interest rates decrease borrowing costs. Reduced costs to borrow will spur investment spending;
This is a benchmark lending rate set by the People's Bank of China in its effort to influence short-term interest rates as part of its monetary policy strategy;
- CH 1-y Loan Prime Rate Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Jan 19, 2025 | 3.10% | 3.10% | 3.10% |
Dec 19, 2024 | 3.10% | 3.10% | 3.10% |
Nov 19, 2024 | 3.10% | 3.10% | 3.10% |
Oct 20, 2024 | 3.10% | 3.15% | 3.35% |
Sep 19, 2024 | 3.35% | 3.35% | 3.35% |
Aug 19, 2024 | 3.35% | 3.35% | 3.35% |
Jul 21, 2024 | 3.35% | 3.45% | 3.45% |
Jun 19, 2024 | 3.45% | 3.45% | 3.45% |
-
- CH 1-y Loan Prime Rate News
- From cnbc.com|Jan 19, 2025
China left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump administration. The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The 1-year LPR determines rates on corporate and most household loans, while the 5-year LPR acts as a reference for mortgage loans. The decision came ahead of Donald Trump’s inauguration to be the next president of the U.S. on Monday. ...
- From marctomarket.com|Jan 19, 2025
There were four important macro developments to note in recent days. First, the recent string of US economic data was firmer than expected and GDP looks to have expanded close to 3% in Q4. With the help of guidance by Federal Reserve Waller, who is thought to be a possible successor to Chair Powell, played up the possibility of a cut in H1, and the market implemented the guidance and has next cut nearly priced in for the June FOMC meeting. Second, guidance by Bank of Japan officials makes a rate hike at the end of the coming week ...
- From bnnbloomberg.ca|Oct 21, 2024
China cut its benchmark lending rates after the central bank lowered interest rates at the end of September as part of a series of measures aimed at reviving economic growth and halting a housing market crash. The one-year loan prime rate was lowered to 3.10% from 3.35%, while the five-year LPR was reduced to 3.60% from 3.85%. The size of the cut is at the upper bound of the 20-25 basis points range forecast by People’s Bank of China Governor Pan Gongsheng in speeches since late September, and bigger than the 20 basis point reduction ...
- From channelnewsasia.com|Oct 21, 2024
China cut benchmark lending rates as anticipated at the monthly fixing on Monday (Oct 21), following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 per cent from 3.35 per cent, while the five-year LPR was cut by the same margin to 3.6 per cent from 3.85 per cent previously. The lending rates were last cut in July. People's Bank of China (PBOC) Governor Pan Gongsheng told a financial forum last week ...
- From cnbc.com|Sep 20, 2024
China on Friday kept its main benchmark lending rates unchanged at the monthly fixing. Market watchers polled by Reuters had expected a trim as the Federal Reserve’s 50 basis point rate cut had given more room for China to lower its domestic borrowing costs without prompting a sharp decline in yuan. The People’s Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%. The one-year LPR affects corporate and most household loans in China, while the five-year LPR acts as ...
- From bnnbloomberg.ca|Aug 20, 2024
Chinese banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions. The one-year loan prime rate will stay at 3.35% and the five-year rate, a reference for long-term credit including mortgages, remains at 3.85%, according to a Tuesday statement from the People’s Bank of China. The moves were in line with the forecasts of all economists surveyed by Bloomberg. The decisions reflect a balancing act by China, after PBOC Governor Pan ...
- From forexlive.com|Aug 19, 2024
The People's Bank of China left its Loan Prime Rates (LPRs) unchanged, as was expected. • 1-year LPR at 3.35%. • 5-year LPR at 3.85%. Both were lowered by 10bp in July. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
- From bnnbloomberg.ca|Jul 22, 2024
The People’s Bank of China cut a key short-term policy rate for the first time in almost a year, stepping up support for the economy after growth disappointed and steering a shift toward a new policy benchmark. The seven-day reverse repo rate is lowered by 10 basis points to 1.7%, the PBOC said in a statement Monday. This aims to optimize the open market operation mechanism and increase financial support for the economy, it added. Chinese banks followed the move about an hour later by lowering their main benchmark lending rates, or ...
Released on Jan 19, 2025 |
---|
Released on Oct 20, 2024 |
---|
Released on Sep 19, 2024 |
---|
Released on Aug 19, 2024 |
---|
Released on Jul 21, 2024 |
---|
- Details