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 5.1 percent on May 10th 2015. 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
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Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.35 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 Wednesday, May 27, 2015.


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.

The central bank also reduced one-year benchmark deposit rates by 25 basis points to 2.25 percent.

China's economy is still facing relatively big downward pressure, the overall level of domestic prices remains low, and real interest rates are still higher than the historical average, the PBOC said. 

The Chinese economy expanded 7.0 percent in the first quarter of 2015, down from a 7.3 percent increase in the previous three-month period. It is the lowest growth rate since the March quarter of 2009, due to a slowdown in manufacturing and property investment. 

Annual inflation rate has been below 2 percent since September. The producer price index fell by 4.6 percent in April and has been declining since March 2012.

The average price of a new home in China's 100 major cities edged down 0.01 percent month on month to 10,522 yuan per square meter, according to the report by the China Index Academy (CIA). The figure marked a sharp slowdown in the pace of housing price decline from the 0.15 percent recorded in March. Previous figures showed that home prices in China were on decline for eight straight months until a slight increase of 0.21 percent in January. They started dropping again from February.

PBOC | anna@tradingeconomics.com
5/10/2015 4:09:11 PM


Recent Releases

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 Money Last Previous Highest Lowest Unit
Interest Rate 5.10 5.35 10.98 5.31 percent [+]
Interbank Rate 3.02 3.55 9.89 0.00 percent [+]
Money Supply M0 6080.00 6200.00 7648.86 17.85 CNY Billion [+]
Money Supply M1 33640.00 33720.00 34810.00 74.51 CNY Billion [+]
Money Supply M2 128080.00 127530.00 128080.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 342225.55 345410.82 345410.82 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3730000.00 3843017.94 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 707.90 1180.00 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 863876.76 856784.95 863876.76 413413.10 CNY Hundred Million [+]
Loan Growth 13.40 13.30 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 May/15 2.25 17.50 2.25 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 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 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]