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

The benchmark interest rate in China was last recorded at 4.85 percent. Interest Rate in China averaged 6.37 percent from 1996 until 2015, reaching an all time high of 10.98 percent in June of 1996 and a record low of 4.85 percent in June of 2015. Interest Rate in China is reported by the The People's Bank of China.

China Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.85 5.10 10.98 4.85 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 the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - China Interest Rate - was last refreshed on Wednesday, August 5, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-27 10:00 AM 4.85% 5.1%


China Cuts Benchmark Interest Rate to 4.85%


The Peoples' Bank of China has cut benchmark interest rates to a record low of 4.85 percent effective June 28th and lowered the amount of reserves certain banks are required to hold following Friday's stock market slump.

It was the fourth time the central bank had cut interest rates since November. The PBOC also reduced the one-year lending rate by 25 basis points to 4.85 percent and the one-year deposit rate by 25 basis points to 2 percent.

At the same time, reserve ratios for lenders dependent on their lending activities will be cut by 50 basis points. Those banks include: state owned large commercial banks, joint-stock banks, foreign banks which lend certain levels to rural and small and medium companies. 

On Friday June 26th, the Shanghai Composite Index fell 7.4 percent and was lower 19 percent since hitting a 52-week high on June 12.

The Peoples' Bank of China | anna@tradingeconomics.com
6/27/2015 2:02:37 PM


Recent Releases

China Cuts Interest Rate to 5.1%
The People's Bank of China cut its benchmark lending rates by 25 basis points to 5.1 percent on May 10th. It is the third reduction since November prompted by low growth, declining property prices.
Published on 2015-05-10

China Cuts Reserve Ratio by 1%
The People’s Bank of China lowered the reserve requirement ratio for all commercial banks by 100 bps to 18.5 percent, aiming to boost credit and growth.
Published on 2015-04-20

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.
Published on 2015-02-28

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 Money Last Previous Highest Lowest Unit
Interest Rate 4.85 5.10 10.98 4.85 percent [+]
Interbank Rate 3.40 3.40 9.89 0.00 percent [+]
Money Supply M0 5860.43 5910.00 7648.86 17.85 CNY Billion [+]
Money Supply M1 35608.29 34310.00 35608.29 74.51 CNY Billion [+]
Money Supply M2 133337.54 130740.00 133337.54 5840.10 CNY Billion [+]
Central Bank Balance Sheet 337075.83 340761.47 345410.82 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3690000.00 3730037.95 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 1280.00 900.80 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 885445.16 872701.56 885445.16 413413.10 CNY Hundred Million [+]
Loan Growth 12.50 13.10 34.74 10.60 percent [+]
Cash Reserve Ratio 18.50 19.50 21.50 6.00 Percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Aug/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.85 Jun/15 5.10 10.98 4.85 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Jul/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Jul/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Jul/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Jul/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Jul/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]