Breaking News

People's Bank of China Loan Prime Rate

Latest Release

Aug 20, 2024

Actual

3.35%

Forecast

3.35%

The People’s Bank of China announced that beginning August 20, 2019, the loan prime rate (LPR) will be calculated under a new formation mechanism. Based on the citations made by quoting banks--by adding a few basis points to the interest rate of open market operations (mainly referring to the rate of the medium-term lending facility, or MLF)--the LPR is now calculated by the National Interbank Funding Center (NIFC), serving as the pricing reference for bank lending. Currently, the LPR consists of rates with two maturities, i.e. one year and over five years. At present, the LPR quoting facilities are comprised of 18 banks. The quoting banks will submit their quotes before 9:00 a.m. on the 20th day of every month (postponed in case of holidays), with 0.05 percentage points as the step length, to the NIFC.

Importance:

Country:

Currency: CNY

Source: The People Banks of China

Release Date	Time	Actual	Forecast	Previous
Sep 20, 2024	03:15		3.35%	3.35%
Aug 20, 2024	03:15	3.35%	3.35%	3.35%
Jul 22, 2024	03:15	3.35%	3.45%	3.45%
Jun 20, 2024	03:15	3.45%	3.45%	3.45%
May 20, 2024	03:15	3.45%	3.45%	3.45%
Apr 22, 2024	03:15	3.45%	3.45%	3.45%

News

Dollar slips lower on rate cut expectations; euro nears this year's high By Investing.com - Aug 20, 2024

Investing.com - The U.S. dollar slipped lower Tuesday, falling close to seven-month lows amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00...

Powell's speech, rising US futures, Paramount Global - what's moving markets By Investing.com - Aug 20, 2024

Investing.com -- Wall Street looks set to continue its winning streak, helped by substantial inflows, amid optimism that Fed Chair Jerome Powell will point to interest rate cuts ahead at the Jackson...

Asia FX muted, dollar at 7-mth low with rate cuts in focus By Investing.com - Aug 20, 2024

Investing.com-- Most Asian currencies drifted higher on Tuesday, while the dollar steadied at a more-than seven-month low amid growing conviction that the Federal Reserve will cut interest rates in...

Analysis

Commodities Week Ahead: Oil in Wary Trading, Eyes Iran Role in Mideast War By Barani Krishnan - Oct 16, 2023

Iran pushing itself front and center in Israel-Hamas crisis Market eyeing US crude supply too, after last week’s stock build/record exports Q3 growth number awaited from top oil importer...

US Stocks Fall Following Fed's Hawkish Pause By Adriaan Pask - Sep 21, 2023

Wall Street extended losses on Wednesday, with the S&P 500 down 0.75% and the Nasdaq down 1% as markets reviewed the Federal Reserve's (Fed) monetary policy outlook after the federal funds rate...

Powell Speech Fallout: Tech Stocks to Face Resistance; Gold, Silver to Rally? By Calogero Selvaggio - Aug 28, 2023

The Fed's Jackson Hole speech was largely uneventful last week Tech sector could face headwinds, and gold and silver could rally Meanwhile, the Chinese economy is starting to show signs of...

PBoC Loan Prime Rate Discussion

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read and understood Investing.com South Africa's comment guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d71-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d71-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d71-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

South Africa Top 40	74,367.50	+277.94	+0.38%
S. Africa 40 Futures	74,420	+242	+0.33%
US 30	41,395.0	+298.2	+0.73%
US 500	5,622.6	+26.8	+0.48%
US Tech 100	19,484.1	+58.1	+0.30%
DAX Futures	18,703.0	+183.0	+0.99%
Dollar Index	101.105	-0.246	-0.24%

Gold	2,606.20	+25.60	+0.99%
Silver	31.065	+0.958	+3.18%
Crude Oil WTI	69.24	+0.27	+0.39%
Brent Oil	72.18	+0.21	+0.29%
Natural Gas	2.294	-0.063	-2.67%
Copper	4.2210	+0.0255	+0.61%
US Corn	413.75	+7.75	+1.91%

USD/ZAR	17.7600	-0.0073	-0.04%
EUR/USD	1.1077	+0.0003	+0.02%
GBP/USD	1.3125	+0.0001	+0.01%
USD/JPY	140.85	-0.94	-0.66%
GBP/JPY	184.84	-1.28	-0.69%
USD/CAD	1.3585	+0.0006	+0.04%
AUD/USD	0.6704	-0.0018	-0.26%

Steinhoff	2	0	0.00%
MTN	9,375	+100	+1.08%
Standard Bank	23,155	+236	+1.03%
FirstRand Ltd	8,360	-260	-3.02%
BHP Group Ltd	50,000	+0	+0.00%
African Rainbow Minerals	17,331	+943	+5.75%
Naspers	350,898	-402	-0.11%

	Interest Rates	Next Meeting
SARB	8.25%	Sep 19, 2024
FED	5.50%	Sep 18, 2024
BOE	5.00%	Sep 19, 2024
ECB	3.65%	Oct 17, 2024
SNB	1.25%	Sep 26, 2024
RBA	4.35%	Sep 24, 2024
RBNZ	5.25%	Oct 09, 2024
BOJ	0.25%	Sep 20, 2024
CBR	19.00%	Sep 13, 2024
RBI	6.50%	Oct 09, 2024
PBOC	3.35%
BCB	10.50%	Sep 18, 2024