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

The benchmark interest rate in China was last recorded at 5.60 percent. 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.

      Forecast    
China Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.60 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 Saturday, February 28, 2015.


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.

The move will be effective from February 5th, 2015. 

Policymakers also lowered the reserve ratio by an additional 50 bps for some urban and rural commercial banks and by an additional 400 bps to China Agricultural Development Bank.

The last time the central bank made a broad-based cut in the amount of cash banks must hold at the central bank was in May of 2012, when it lowered it by 50 bps.

Joana Taborda | joana.taborda@tradingeconomics.com
2/4/2015 11:16:03 AM


Recent Releases

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

PBoC Injects USD 81 Billion into Major 5 Banks
China’s central bank is said to be injecting CNY 500 billion (USD 81 billion) into the banking system, aiming to support credit and growth. Published on 2014-09-17


China Money Last Previous Highest Lowest Unit
Interest Rate 5.60 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 5.60 Jan/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 [+]