PBOC keeps one-year and five-year loan prime rates unchanged at 3.00% and 3.50%
Question
PBOC keeps one-year and five-year loan prime rates unchanged at 3.00% and 3.50%
Direct answer
The unchanged LPRs limit immediate monetary easing expectations, while the new overnight-liquidity framework may improve money-market transmission and support short-end Chinese bonds.
- Original publisher
- Market Ontology
- Evidence through
- 2026-10-20
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “PBOC keeps one-year and five-year loan prime rates unchanged at 3.00% and 3.50%”, revision 1, evidence through 2026-10-20. https://marketontology.com/market-events/2026-10-20/pboc-keeps-one-year-and-five-year-loan-prime-rates-unchanged-at-3-00-and-3-50-e033e1
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| CNY | unchanged lending rates and a firm official fixing reinforce near-term yuan support | Up1-5d | The PBOC set the yuan reference rate at its strongest level since February 2023 while holding both LPRs |
| CN10Y | the absence of an LPR cut reduces immediate easing-driven demand for longer-duration government bonds | Down1-5d | The one-year and five-year LPRs were unchanged for a 17th consecutive month |
| HSTECH | expanded overnight liquidity can improve funding conditions for Chinese technology shares | Up1-5d | The PBOC announced daily overnight reverse-repo operations of up to 1 trillion yuan |
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Sources
Related
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