China monetary policy explainer
China’s interest rates: why there is no single meeting calendar
Understand China's seven-day reverse repo rate, Loan Prime Rate, and why Econ Calendar does not list a conventional PBoC meeting schedule.
Not included as a calendar event
China’s market-watched seven-day reverse repo rate is used in frequent, potentially daily open-market operations. Treating it as a conventional scheduled central-bank meeting would be misleading, so it is not included in the G20+ subscriber feed.
Seven-day reverse repo rate
The People’s Bank of China uses seven-day reverse repos to manage short-term liquidity. The operation rate is watched as a policy signal, but it is not released through a fixed annual meeting schedule.
Loan Prime Rate
The one-year and five-year LPRs are monthly lending reference rates. They are useful context, but they are not a PBoC committee rate decision and are separate from the daily reverse repo signal.
Official sources
China interest-rate FAQ
What is China's main policy rate?
Markets closely watch the People's Bank of China's seven-day reverse repo rate. It is used in frequent open-market operations rather than announced at a conventional pre-scheduled policy meeting.
Why is China not in the G20+ calendar feed?
The seven-day reverse repo rate can be announced on a daily operational schedule, so it does not fit a calendar product built around discrete forward decision dates. Econ Calendar does not infer or manufacture China decision events.
What is the China Loan Prime Rate?
The one-year and five-year Loan Prime Rates are monthly lending reference rates published by the National Interbank Funding Center under PBoC authority. They are distinct from the daily seven-day reverse repo operation.
Will China be added later?
Coverage can be reconsidered if a reliable event model can represent the market-watched policy action without implying a meeting schedule that does not exist.