Chine Taux d'intérêt

The People's Bank of China (PBoC) maintained its key lending rates unchanged for the fifth consecutive month in March, in line with market expectations. The one-year loan prime rate (LPR), a benchmark for most corporate and household loans, was held at 3.1%, while the five-year LPR, a reference for property mortgages, remained at 3.6%. Both rates are at record lows following reductions in October and July last year. The latest decision followed the U.S. Fed’s move to hold key interest rates while signaling the possibility of two rate cuts later this year. Meanwhile, the PBoC recently said it would lower again interest rates and the bank's reserve requirement ratio at the appropriate time to reverse the sluggish economy. On the fiscal front, Beijing rolled out more stimulus measures earlier in the month to boost domestic demand and consumption, and mitigate the impact of rising tariffs imposed by the US Trump administration.