The National Interbank Funding Center listed China's over-five-year loan prime rate at 3.5% and its one-year loan prime rate at 3% on Oct. 20, extending the hold in lending benchmarks.
Both figures matched September. The center published the quotations with authorization from the People's Bank of China, and they remain valid until the next release.
The hold has continued since May 2025, when both benchmarks were lowered by 0.1 percentage point. Earlier coverage of China's rates and New Zealand's currency fix also reported the Oct. 20 figures.
Banks submit quotations that the center uses to calculate the benchmarks. Those published figures serve as references for pricing loans, rather than uniform rates charged to borrowers. A loan with a term exceeding five years, for example, does not automatically carry a 3.5% interest rate.
The center describes a monthly schedule for publishing new loan prime rate quotations.
