China Interest Rate

The benchmark interest rate in China was last recorded at 6 percent. Interest Rate in China is reported by the The People's Bank of China. Interest Rate in China averaged 6.42 Percent from 1996 until 2014, reaching an all time high of 10.98 Percent in June of 1996 and a record low of 5.31 Percent in February of 2002. In China, interest rates decisions are taken by The Peoples' Bank of China Monetary Policy Committee. The PBC administers two different benchmark interest rates: one year lending and one year deposit rate. This page provides - China Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.00 6.00 10.98 5.31 6.00 | 2014/04 1996 - 2014 Percent Monthly

TO

China Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Banks Balance Sheet 1050.00 2014-03-15 644.50 1890.00 -32.10 808.21 2014-04-30 CNY Billion [+]
Central Bank Balance Sheet 325019.77 2014-02-28 331181.51 331181.51 34443.90 324256.52 2014-02-28 CNY Hundred Millions [+]
Foreign Exchange Reserves 3950000.00 2014-03-31 3820000.00 3950000.00 2262.00 4001951.21 2014-04-30 USD Million [+]
Interbank Rate 4.42 2014-04-22 3.85 9.89 0.00 5.75 2014-05-31 Percent [+]
Loan Growth 13.70 2014-03-31 13.90 34.74 10.60 13.26 2014-03-31 Percent [+]
Loans To Private Sector 135479.19 2014-03-31 133038.25 135479.19 59105.90 134588.29 2014-03-31 Hundreds CNY Million [+]
Money Supply M0 5830.00 2014-03-31 6230.00 7650.00 17.85 6388.43 2014-03-31 CNY Billion [+]
Money Supply M1 32770.00 2014-03-31 31660.00 33726.06 74.51 32686.85 2014-03-31 CNY Billion [+]
Money Supply M2 116070.00 2014-03-31 113180.00 116070.00 5840.10 116413.40 2014-04-30 CNY Billion [+]
Interest Rate 6.00 2014-03-31 6.00 10.98 5.31 6.00 2014-04-30 Percent [+]
[+]


China Cuts Reserve Ratio for Rural Banks

The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.

The move intends to promote greater support for agriculture, as rural banks will have more cash available for lending. However, the central bank said the reserve cut will not affect the overall liquidity of the banking system.

The Government had first announced the cut last week but no details were given. The last time the central bank cut the reserve requirement ratio for the banking sector as a whole was in May of 2012, when it trimmed the ratio by 50 bps to 20 percent for most large banks.

Joana Taborda | joana.taborda@tradingeconomics.com
4/22/2014 9:42:56 AM

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People’s Bank of China Drains Funds to Curb Lending Surge
On February 18th, 2014, People’s Bank of China drained CNY 48 billion (USD 7.9 billion) from money markets to absorb liquidity, as bank lending jumped more than expected in January. Published on 2014-02-18


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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