China Interest Rate 1996-2015 | Data | Chart | Calendar | Forecast | News

The People’s Bank of China cut the benchmark one-year lending rate by 25 basis points to 5.35 percent, effective March 1st. Interest Rate in China averaged 6.40 percent from 1996 until 2015, 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. Interest Rate in China is reported by the The People's Bank of China.

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China Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.35 5.60 10.98 5.31 1996 - 2015 percent Daily
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. Content for - China Interest Rate - was last refreshed on Tuesday, March 3, 2015.


China Cuts Benchmark Interest Rate to 5.35%


The People’s Bank of China cut the one-year lending rate by 25 basis points to 5.35 percent on February 28th amid rising deflationary pressure, low growth and declining property prices.

The one-year benchmark deposit rate was also cut by 25 basis points to 2.5 percent.

China's annual inflation rate slowed to 0.8 percent in January, from 1.5 percent in the previous month and touching the lowest level since November of 2009. Producer prices have been falling for the last three years, the longest period on record.

Chinaese economy grew at five year low of 7.3 percent in the third and fourth quarter of 2014. Full-year economic growth in 2014 reached 7.4 percent, undershooting the government's target of 7.5 percent and marking the weakest expansion in 24 years.

Average prices of new homes fell 3.8 percent yoy in February, compared with the 3.1 percent decline in January and the 2.7 percent drop in December, according to China Real Estate Index System.

Anna Fedec | anna@tradingeconomics.com
2/28/2015 11:40:39 PM


Recent Releases

China Cuts Reserve Ratio by 0.5%
The People’s Bank of China lowered the reserve requirement ratio for all commercial banks by 50 bps to 19.5 percent on February 4th, aiming to boost credit and growth. Published on 2015-02-04

China Cuts Interest Rates
The People´s Bank of China decided to cut its benchmark one-year lending rate by 40 bps to 5.6 percent on November 21st. It is the first rate cut in more than two years as the economy slows. Published on 2014-11-21


China Money Last Previous Highest Lowest Unit
Interest Rate 5.35 5.60 10.98 5.31 percent [+]
Interbank Rate 4.90 5.12 9.89 0.00 percent [+]
Money Supply M0 6300.00 6030.00 7648.86 17.85 CNY Billion [+]
Money Supply M1 34810.00 34810.00 34810.00 74.51 CNY Billion [+]
Money Supply M2 124270.00 122840.00 124270.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 338248.79 340220.62 340220.62 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3843017.94 3847354.02 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 1470.00 697.30 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 834704.48 814780.33 834704.48 413413.10 CNY Hundred Million [+]
Loan Growth 13.70 13.30 34.74 10.60 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Feb/15 2.50 17.50 2.50 percent [+]
Brazil 12.25 Jan/15 11.75 45.00 7.25 percent [+]
Canada 0.75 Jan/15 1.00 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Jan/15 0.05 4.75 0.05 percent [+]
France 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Jan/15 0.05 4.75 0.05 percent [+]
India 7.75 Feb/15 7.75 14.50 4.25 percent [+]
Indonesia 7.50 Feb/15 7.75 12.75 5.75 percent [+]
Italy 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Feb/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jan/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Russia 15.00 Jan/15 17.00 17.00 5.00 percent [+]
South Korea 2.00 Feb/15 2.00 5.25 2.00 percent [+]
Spain 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Jan/15 -0.25 3.50 -0.75 percent [+]
Turkey 7.50 Feb/15 7.75 500.00 4.50 percent [+]
United Kingdom 0.50 Feb/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jan/15 0.25 20.00 0.25 percent [+]