China September 1-Year LPR Announced: Latest Loan Reference Rate Data

The People’s Bank of China and the China Foreign Exchange Trade System announced China’s 1-year Loan Prime Rate (LPR) as of September 21, 2026, on July 20, 2026.**What is the LPR?**The Loan Prime Rate (LPR) is the reference rate that banks use when lending to their most creditworthy clients. It is calculated and published by the National Interbank Funding Center based on quotations from a panel of banks, serving as a fundamental benchmark for loan pricing.**How is the rate determined?**Each quoting bank submits its loan rate for prime clients, calculated by adding a spread to the open market operation rate. When issuing actual loans, banks adjust rates upward or downward from the LPR according to the borrower’s credit profile, collateral, loan term, and other factors.**Release Schedule**This data has an importance level of 3 and is published monthly on the 20th. The next release is scheduled for October 20, 2026, at 09:00.This data provides the market with insight into bank lending rate trends and serves as a key reference for corporate financing costs and individual mortgage rates.