1-Year Loan Prime Rate in China
China's central bank policy rates from 2013 to 2022 were carefully managed, reflecting the government's broader economic control strategy. While rates were adjusted to support economic growth and manage debt levels, China also used other monetary policy tools extensively. The approach was cautious, aiming to balance the need for economic stimulus with the risks of increasing debt and financial instability.
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 2019.
Source: Macrobond.
China Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 1-Year Loan Prime Rate (%, eop) | 4.15 | 3.85 | 3.80 | 3.65 | 3.45 |
| 7-Day Reverse Repo Rate (%, eop) | 2.50 | 2.20 | 2.20 | 2.00 | 1.80 |
| 1-Year Deposit Rate (%, eop) | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| 10-Year Bond Yield (%, eop) | 3.14 | 3.14 | 2.78 | 2.84 | 2.56 |
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