China One-Year LPR Announced on August 20: Loan Rate Benchmark Update

The People’s Bank of China and the China Foreign Exchange Trade System released China’s one-year Loan Prime Rate (LPR) for the period ending August 20, 2026, at 09:00 on July 20, 2026.The previous rate was 3%. The Loan Prime Rate serves as the benchmark lending rate for top-tier clients, quoted by major banks based on the open market operation rate plus a certain spread, and is ultimately calculated and published by the National Interbank Funding Center authorized by the central bank.This indicator provides a reference benchmark for banks’ actual lending. Banks may flexibly adjust the final lending rate above this benchmark according to factors such as borrower credit rating, collateral, and loan term.This is a key financial indicator reflecting the current level of market financing costs. The data is published regularly on the 20th of each month, with the next release scheduled for September 21, 2026, at 09:00.

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