1-Year Loan Prime Rate in China
China's central bank policy rates have declined gradually but steadily over the last decade as the monetary authorities adapted to a lower-growth, low inflation environment. China also used numerous other monetary policy tools extensively in order to manage the economy. The desire to protect the value of the yuan likely discouraged the bank from embarking on more aggressive rate cuts. The 1-Year Loan Prime Rate ended 2022 at 3.65%, down from the 3.8% end-2021 value and below the reading of 5.73% a decade earlier. For reference, the average 1-Year Loan Prime Rate in the Asia-Pacific region was 3.7% at end-2022. For more interest rate information, visit our dedicated page.
China Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for China from 2020 to 2024.
Source: Macrobond.
China Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| 1-Year Loan Prime Rate (%, eop) | 3.85 | 3.80 | 3.65 | 3.45 | 3.10 |
| 7-Day Reverse Repo Rate (%, eop) | 2.20 | 2.20 | 2.00 | 1.80 | 1.50 |
| 1-Year Deposit Rate (%, eop) | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| 10-Year Bond Yield (%, eop) | 3.14 | 2.78 | 2.84 | 2.56 | 1.68 |
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