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

The People's Bank of China cut its benchmark one-year lending rate by 25bps to 4.6 percent on August 25th, 2015. Policymakers also decided to lower reserve requirements for banks. Interest Rate in China averaged 6.36 percent from 1996 until 2015, reaching an all time high of 10.98 percent in June of 1996 and a record low of 4.60 percent in August 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
4.60 4.85 10.98 4.60 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 Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-27 10:00 AM 4.85% 5.1%
2015-08-25 11:20 AM 4.6% 4.85%


PBoC Injects Further USD 9.4 Billion into Economy


China’s central bank injected an additional CNY 60 billion (USD 9.4 billion) into the interbank money market via short-term liquidity operations (SLOs) on August 28th 2015.

It is the second injection this week, following CNY 140 billion SLOs loans two days ago. Earlier this week, policymakers lowered its benchmark interest rate by 25 bps and cut reserve requirements for banks by 50 bps.

The move comes after the Shanghai Composite Index closed in the green for the second straight session on Friday, up 4.82 percent, erasing some of the week losses. Yet, the stock market lost 7.9 percent during the week, following an 11.5 percent decline in the previous week.

Joana Taborda | joana.taborda@tradingeconomics.com
8/28/2015 11:00:05 AM


Recent Releases

PBoC Injects USD 22 Billion via SLOs
China’s central bank injected CNY 140 billion (USD 21.8 billion) into the interbank money market, another measure aiming to manage cash supply and ease extreme volatility in stock markets.
Published on 2015-08-26

China Cuts Rates
The People's Bank of China cut its benchmark one-year lending rate by 25bps to 4.6 percent on August 25th, 2015. Policymakers also decided to lower reserve requirements for banks.
Published on 2015-08-25

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.
Published on 2015-06-27

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 Money Last Previous Highest Lowest Unit
Interest Rate 4.60 4.85 10.98 4.60 percent [+]
Interbank Rate 3.25 3.28 9.89 0.00 percent [+]
Money Supply M0 5901.07 5860.43 7648.86 17.85 CNY Billion [+]
Money Supply M1 35312.22 35608.29 35608.29 74.51 CNY Billion [+]
Money Supply M2 135321.09 133337.54 135321.09 5840.10 CNY Billion [+]
Central Bank Balance Sheet 335197.68 337075.83 345410.82 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3651309.89 3690000.00 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 1480.00 1280.00 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 900188.44 885445.16 900188.44 413413.10 CNY Hundred Million [+]
Loan Growth 14.40 12.50 34.74 10.60 percent [+]
Cash Reserve Ratio 17.50 18.00 21.50 6.00 Percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Sep/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 4.60 Aug/15 4.85 10.98 4.60 percent [+]
Euro Area 0.05 Aug/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Aug/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Aug/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Aug/15 11.00 17.00 5.00 percent [+]
South Korea 1.50 Aug/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Aug/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Aug/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]