People's Bank of China · 1-year loan prime rate
China · CNY · Policy rate
The People's Bank of China’s 1-year loan prime rate is 3.00 %, last changed on 20 May 2025 when it was cut by 10 bp from 3.10 %.
3.00 %
- Last change
- cut −10 bp·
- Previous rate
- 3.10 %
- Next decision
- —
- Latest observation
- Source
- BIS
3.00 % ·
2 Nov 20210.00 – 3.85 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 3.00 % | −10 bp | |
| 3.10 % | −25 bp | |
| 3.35 % | −10 bp | |
| 3.45 % | −10 bp | |
| 3.55 % | −10 bp | |
| 3.65 % | −5 bp | |
| 3.70 % | −10 bp | |
| 3.80 % | −5 bp | |
| 3.85 % | −20 bp |
Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.
At a glance
- Economy
- China
- Currency
- CNY
- Type
- Policy rate
- Set by
- People's Bank of China
- History since
- 1996
- Changes in the last 12 months
- 0
Questions and answers
- What is the current People's Bank of China interest rate?
- The People's Bank of China’s 1-year loan prime rate is 3.00 %, last changed on 20 May 2025 when it was cut by 10 bp from 3.10 %.
- When did the People's Bank of China last change its rate?
- On 20 May 2025, when the 1-year loan prime rate was cut by 10 bp to 3.00 % from 3.10 %.
- When is the next People's Bank of China rate decision?
- The bank does not publish a decision calendar that we track.
Decisions by year since 2019
2025net −10 bp
| Date | Rate | Change |
|---|---|---|
| 3.00 % | −10 bp |
2024net −35 bp
| Date | Rate | Change |
|---|---|---|
| 3.10 % | −25 bp | |
| 3.35 % | −10 bp |
2023net −20 bp
| Date | Rate | Change |
|---|---|---|
| 3.45 % | −10 bp | |
| 3.55 % | −10 bp |
2022net −15 bp
| Date | Rate | Change |
|---|---|---|
| 3.65 % | −5 bp | |
| 3.70 % | −10 bp |
2021net −5 bp
| Date | Rate | Change |
|---|---|---|
| 3.80 % | −5 bp |
2020net −30 bp
| Date | Rate | Change |
|---|---|---|
| 3.85 % | −20 bp | |
| 4.05 % | −10 bp |
2019net −20 bp
| Date | Rate | Change |
|---|---|---|
| 4.15 % | −5 bp | |
| 4.20 % | −5 bp | |
| 4.25 % | −10 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Asia
Source: BIS central bank policy rates. Latest observation 19 Oct 2026. Refreshed every 30 minutes.