The People's Bank of China authorized the National Interbank Funding Center to announce that the quoted interest rate (LPR) of the loan market on August 22, 2022 was: 1 year, 3.65%, and 5 years and above, 4.3%. The above LPR is valid until the next LPR version.

Introduction to quoted interest rate in loan market (LPR)

The loan market quotation (LPR) is quoted by each quotation bank plus the open market operating rate (mainly referring to the medium-term lending convenience rate), and is calculated by the National Interbank Funding Center, which provides pricing reference for bank loans. At present, LPR includes 1 year and more than 5 years.

LPR quotation banks currently include 65,438+08 banks. Before 9: 00 on the 20th of each month (postponed in case of holidays), each quotation bank shall submit the quotation to the National Interbank Funding Center in steps of 0.05 percentage point. After excluding the highest and lowest quotations, the National Interbank Funding Center calculates the LPR with the arithmetic average, and rounds it to the nearest integer multiple of 0.05%, and announces it at 9: 00 on the same day.