1Y Loan Prime Rate
3.10%
as of 2026-04-21
Next meeting
Jun 22
T-26d
The People's Bank of China is the central bank and chief financial regulator of the People's Republic of China, tasked with maintaining the stability of the value of the renminbi and supporting economic growth. Its de-facto monetary policy lever is the Loan Prime Rate (LPR), a benchmark fixed monthly via a panel of quoting banks under PBoC supervision.
Policy decisions are announced on the dates above. Source: official central bank schedules.
1Y Loan Prime Rate
3.10%
As of 2026-04-21
CNY 2026 consensus
6.90
median of 18 banks
Next macro event
S&P Global Composite PMI (May)
5 most-recent items prefer LLM synthesis where available
The PBOC's recent setting of the USD/CNY reference rate at 6.8415, significantly above market expectations of 6.7976, signals a cautious approach to currency management amid ongoing economic…
The desk anticipates that the PBOC will set the USD/CNY reference rate at 6.7976, signaling a potential leaning against depreciation pressures on the yuan. Per the full note [source], this fixing is…
The desk views the recent PBOC reference rate setting at 6.8401 as a strategic move to stabilize the yuan's appreciation, particularly given the significant deviation from the model estimate of…
The desk anticipates that the PBOC will set the USD/CNY reference rate at approximately 6.7888, reflecting a cautious approach amid ongoing global economic uncertainties. Per the full note [source],…
The PBOC's recent USD/CNY reference rate setting at 6.8431, significantly above the market estimate of 6.7946, signals a cautious approach to yuan depreciation amid ongoing economic pressures. Per…
Reports referencing PBoC across covered research desks
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.