Core Points - The Loan Prime Rate (LPR) in China has remained unchanged for five consecutive months, with the one-year LPR at 3.0% and the five-year LPR at 3.5% [1] - The stability in LPR aligns with market expectations, as the central bank's policy rates have also remained stable [1] - There is a lack of motivation for banks to lower LPR quotes due to historical low net interest margins [1] Future Outlook - External volatility is increasing, with U.S. high tariff policies potentially impacting global trade and China's exports in the fourth quarter [2] - There is a rising necessity for policies to stabilize growth and employment, particularly in boosting domestic demand and stabilizing the real estate market [2] - The possibility of LPR adjustments exists, as the Federal Reserve has resumed interest rate cuts, which may weaken constraints on China's monetary policy [2] - A potential reduction in LPR could lead to lower loan rates for businesses and residents, stimulating internal financing demand and supporting consumption and investment in the fourth quarter [2]

Core Viewpoint - The People's Bank of China announced that the Loan Prime Rate (LPR) for October remains unchanged, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5% [1] Summary by Category Interest Rates - The 1-year LPR is set at 3.0%, unchanged from the previous month [1] - The 5-year LPR is set at 3.5%, also unchanged from the previous month [1]

Core Points - The People's Bank of China has announced that the Loan Prime Rate (LPR) for one year remains at 3.0% and for five years or more at 3.5%, unchanged for five consecutive months [1] Group 1 - The LPR will remain effective until the next announcement [1]

Core Viewpoint - The People's Bank of China announced that the Loan Prime Rate (LPR) for one year remains at 3.0% and for five years or more at 3.5%, with both rates unchanged from the previous month [1] Group 1 - The one-year LPR is set at 3.0% [1] - The five-year LPR is set at 3.5% [1] - Both LPR rates have remained stable compared to the previous month [1]

Group 1 - The Loan Prime Rate (LPR) for 1-year is set at 3.0% and for 5-year and above at 3.5%, effective until the next announcement [1] - The LPR has remained unchanged for five consecutive months since June [2] - The LPR is calculated by the National Interbank Funding Center based on quotes from 20 banks, reflecting the pricing reference for bank loans [2]

Core Points - The People's Bank of China has announced the Loan Prime Rate (LPR) for October 20, 2025, with the 1-year LPR set at 3.0% and the 5-year LPR at 3.5% [1] Summary by Category - **Interest Rates** - The 1-year LPR is established at 3.0% [1] - The 5-year LPR is set at 3.5% [1] - These rates will remain effective until the next LPR announcement [1]

Group 1 - The core viewpoint of the article emphasizes the stability of the Loan Prime Rate (LPR) in China, which has remained unchanged for five consecutive months since June, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5% [3][5]. - The LPR is determined by quoting banks based on the open market operation interest rate plus a margin, providing a reference for bank loan pricing [5]. - Currently, there are 20 banks participating in the LPR quoting process, which includes both the 1-year and 5-year LPR products [5].

Core Points - The People's Bank of China announced that the Loan Prime Rate (LPR) for one year remains at 3.0% and for five years or more at 3.5%, both unchanged as of October 20, 2025 [1] Summary by Category - **Interest Rates** - The one-year LPR is set at 3.0% [1] - The five-year LPR is set at 3.5% [1] - Both rates have not changed from previous levels [1]

10月20日，据央行官网， 中国人民银行授权全国银行间同业拆借中心公布，2025年10月20日贷款市场报价利率（LPR）为：1年期LPR为3.0%，5年 期以上LPR为3.5%；两者均维持不变。 编辑｜钉钉 ...

来源：中国人民银行 中国人民银行授权全国银行间同业拆借中心公布，2025年10月20日贷款市场报价利率（LPR）为：1年期LPR为3.0%，5 年期以上LPR为3.5%。以上LPR在下一次发布LPR之前有效。 | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | | 货币政策司 Monetary Policy Department | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 深体活過 | 货币政策 | 宏观审慎 | 信贷政策 | 金融市场 | 全融稳定 | 调查绞计 | 银行会计 | 支付体系 | | 金融科技 | | 人民币 | 经理国库 | 国际交往 | 人员招录 | 学术交流 | 征信管理 | 反洗钱 | 党建工作 | | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | 央行研究 | 音頻视頻 | 市场动态 | 网上展厅 | 报告下载 | 报刊年签 | | 网送文告 | | 办事大厅 | 在线申报 ...