BEIJING

China kept its benchmark interest rates for one-year and five-year loan interest rates unchanged.

The National Interbank Funding Center kept the one-year loan interest rate at 3% and the five-year loan interest rate at 3.5%, according to a statement from the People’s Bank of China on Tuesday.

The rate, recorded based on dividend payments made by 18 banks in China to the People's Bank of China (PBoC), has served as a benchmark interest rate in the country since 2019.

The one-year loan interest rate is used as a reference for corporate loans, while the five-year rate is used for real estate loans.

The most recent 10-basis-point cut in loan interest rates occurred in May 2025, bringing the one-year rate down from 3.1% to 3% and the five-year rate from 3.6% to 3.5%.