China’s central bank holds key lending rates

People’s Bank of China
People’s Bank of China

The People’s Bank of China (PBoC) has kept benchmark lending rates unchanged for the fifth consecutive month.

The central bank said in a statement today (January 22) that it was keeping the one-year loan prime rate (LPR) at 3.45%, while holding the five-year LPR at 4.2%. The LPRs are based on an average of the lending rates that the country’s biggest banks offer their best clients.

Analysts were widely expecting the decision – all but one of the 27 market watchers polled by Reuters last week

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account