FX.co ★ China Holds 5-Year Loan Prime Rate at 3.50% in October, Signalling Policy Steadiness

China kept its 5-year Loan Prime Rate (LPR) unchanged at 3.50% in October 2026, matching the level recorded in September 2026. The decision underscores a stance of continuity in borrowing costs for long-term loans, a key benchmark for mortgage and corporate financing.

The steady reading suggests that, as of the latest update on 20 October 2026, policymakers are opting to maintain current credit conditions rather than pursue further easing or tightening. By holding the 5-year LPR at 3.50% for a second consecutive month, authorities appear focused on preserving financial stability while monitoring broader economic and market developments.