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.

     Forecast  
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, April 28, 2015.


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.

The decision was taken on Sunday April 19th but it will be effective from April 20th, 2015. 

Policymakers also lowered the reserve ratio by an additional 100 bps for rural commercial banks and by an additional 200 bps to China Agricultural Development Bank. 

It is the second cut in two months. The last time People’s Bank of China reduced the reserve requirement ratio by 50 basis points was on February 4th, the first cut since May of 2012. In February, the central bank also lowered the benchmark interest rate by 25 bps.

Joana Taborda | joana.taborda@tradingeconomics.com
4/20/2015 9:19:30 AM


Recent Releases

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 5.35 5.60 10.98 5.31 percent [+]
Interbank Rate 4.00 5.35 9.89 0.00 percent [+]
Money Supply M0 6200.00 7290.00 7648.86 17.85 CNY Billion [+]
Money Supply M1 33720.00 33440.00 34810.00 74.51 CNY Billion [+]
Money Supply M2 127530.00 125740.00 127530.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 345410.82 338868.05 345410.82 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3730000.00 3843017.94 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 1180.00 1020.00 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 856784.95 844973.39 856784.95 413413.10 CNY Hundred Million [+]
Loan Growth 13.30 13.80 34.74 10.60 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Apr/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Apr/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Apr/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Apr/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Apr/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Apr/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]