--- title: "Economic and event calendar in Asia Tuesday, February 24, 2026 - China and Japan return" description: "The economic calendar for February 24, 2026, is sparse, with the People's Bank of China expected to maintain its Loan Prime Rates (LPRs) at 3.00% for the 1-year and 3.50% for the 5-year. This decision" type: "news" locale: "en" url: "https://longbridge.com/en/news/276643169.md" published_at: "2026-02-23T20:59:05.000Z" --- # Economic and event calendar in Asia Tuesday, February 24, 2026 - China and Japan return > The economic calendar for February 24, 2026, is sparse, with the People's Bank of China expected to maintain its Loan Prime Rates (LPRs) at 3.00% for the 1-year and 3.50% for the 5-year. This decision marks the ninth consecutive month without changes, as banks face thin net interest margins. The reverse repo rate at 1.4% is now the main policy rate influencing lending rates. Recent LPR adjustments have aimed to support the property sector and counter weak growth, but no further cuts are anticipated today. It's a near empty economic calendar today. I was expecting the People's Bank of China to set its Loan Prime Rates (LPRs) yesterday but I was out by 24 hours. Its today. Markets overwhelmingly expect the People’s Bank of China to leave its benchmark lending rates untouched, with the 1-year Loan Prime Rate seen holding at 3.00% and the 5-year at 3.50%. Economists argue that commercial lenders are already grappling with historically thin net interest margins, meaning any further trimming of the LPR could squeeze bank profitability even further. The Bank setting its Loan Prime Rates (LPRs), this used to a big deal, very highly anticipated, but not any more. China's main policy rate is now the reverse repo rate, currently at 1.4% for the 7-day. The 7-day rate serves as a key policy benchmark, influencing other lending rates like the Loan Prime Rates (LPRs). The PBOC uses reverse repo open market operations to inject or absorb funds, influencing interbank lending rates. The LPR setting in January left the 5 year at 3.50% (vs. expected 3.50% and prior 3.5%) and the 1 year at 3.00% (vs. exp. 3.0% and prior 3.0%). With no change expected for either again today, this will mark the ninth consecutive month without a change. A look back at the past changes in the LPR, since early 2022: Date One-year LPR Five-year LPR Change Notes May 2025 3.00% 3.50% \-10bp Latest cut; both 1Y and 5Y trimmed. Feb 2024 3.45% 3.95% \-25bp (5Y only) Big mortgage-linked cut aimed at property sector support. Aug 2023 3.45% 4.20% \-10bp (1Y), -15bp (5Y) Coordinated easing to counter weak growth. Jun 2023 3.55% 4.20% \-10bp (1Y), -10bp (5Y) First LPR cut since Aug 2022. Aug 2022 3.65% 4.30% \-5bp (1Y), -15bp (5Y) Targeted mortgage support. Jan 2022 3.70% 4.60% \-10bp (1Y), -5bp (5Y) Part of early 2022 easing cycle. ### Related Stocks - [000001.CN - SSE Index](https://longbridge.com/en/quote/000001.CN.md) - [159263.CN - E Fund CNI Value 100 ETF](https://longbridge.com/en/quote/159263.CN.md) - [166802.CN - Zheshang CSI 300 Enhanced Index Fund(LOF)-A](https://longbridge.com/en/quote/166802.CN.md) - [501045.CN - China Universal CSI 300 Index Initiating Fund(LOF)-C](https://longbridge.com/en/quote/501045.CN.md) - [510030.CN - Fortune SG SSE 180 Value ETF](https://longbridge.com/en/quote/510030.CN.md) - [000008.CN - Conglomerates Index](https://longbridge.com/en/quote/000008.CN.md) - [000300.CN - CSI 300](https://longbridge.com/en/quote/000300.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | China commercial banks cut bad loan ratio to 1.5% at end 2025 | China commercial banks cut bad loan ratio to 1.5% at end 2025 | [Link](https://longbridge.com/en/news/275785519.md) | | China’s Top Legislature Meets Ahead of March Session | The Standing Committee of the 14th National People’s Congress (NPC), China’s top legislative body, will hold its 20th se | [Link](https://longbridge.com/en/news/274736385.md) | | Add Foreign Exposure to Your Portfolio with This 1 ETF | Add Foreign Exposure to Your Portfolio with This 1 ETF | [Link](https://longbridge.com/en/news/276628913.md) | | Portfolio Margining Onboarding ‒ Frequently Asked Questions | Portfolio Margining Onboarding ‒ Frequently Asked Questions | [Link](https://longbridge.com/en/news/276473682.md) | | Hanwha Life Insurance Q4 Operating Profit 180 Billion Won, Down 4% From Year Earlier | Hanwha Life Insurance Co Ltd :HANWHA LIFE INSURANCE: Q4 OPERATING PROFIT 180 BILLION WON, DOWN 4% FROM YEAR EARLIER | [Link](https://longbridge.com/en/news/276573024.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.