China Interest Rate

The benchmark interest rate in China was last recorded at 6 percent. Interest Rate in China is reported by the The People's Bank of China. Historically, from 1996 until 2013, China Interest Rate averaged 6.44 Percent 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. 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 includes a chart with historical data for China Interest Rate.

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China Interest Rate

Money | STATISTICSLastPreviousHighestLowestForecastUnitTrend
Foreign Exchange Reserves 3442649.00 Mar/2013 3395417.81 3442649.17 2262.00 3490865.32 Apr/2013 USD Million Trend
Money Supply M0 5434.91 May/2013 5560.00 6250.00 17.85 5481.72 May/2013 CNY Billion Trend
Money Supply M1 31015.02 May/2013 30760.00 31130.00 74.51 31008.78 May/2013 CNY Billion Trend
Money Supply M2 104208.80 May/2013 103260.00 104208.80 5840.10 113988.71 Dec/2013 CNY Billion Trend
Interest Rate 6.00 Apr/2013 6.00 10.98 5.31 6.00 May/2013 Percent Trend

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China Cuts Interest Rate to 6%
TradingEconomics.com, The People's Bank of China  |  7/9/2012 12:02:51 PM


China's central bank lowered interest rates for the second time in less than a month to bolster an economy widely expected to record its sixth successive slide in growth in the second quarter.

The central bank also took another step in liberalising interest rates by lowering the floor for lending rates to 70 percent of benchmark rates from 80 percent previously, making loans more affordable for borrowers.

China has lowered the amount of cash banks must keep in reserve in three 50-basis point steps since November, freeing up an estimated 1.2 trillion yuan (£122m) for fresh lending. The last cut was in May.

ARCHIVE
China Raises Interest Rates People's Bank of China increased interest rates for the third time this year on July 6, making clear that taming inflation is a top priority even when as the economy slows. 2011-07-06
China Raises Bank Reserve Ratio Third Time This Year China ordered banks to set aside more deposits as reserves for the third time this year, seeking to counter the risk of property bubbles and the threat inflation will surge after a record expansion in credit. 2010-05-02
China Raises Interest Rates China has raised interest rates for the fourth time in five months as the government struggles to reduce bank lending, rein in inflation and slow economic growth to a more sustainable pace. 2011-04-05
China Raises Bank Reserve Requirement to Cool Economy China ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing economy after loan growth accelerated and property prices surged. 2010-02-12
China Raises Interest Rates China's central bank raised interest rates on February 8, its second increase in just over a month, intensifying its fight against stubbornly high inflation. 2011-02-08
China Central Bank Surprises with Yield Hike China's central bank surprised markets on Thursday by raising the interest rate on its three-month bills for the first time since August, intensifying its grip on liquidity a day after it promised to keep credit growth in check. 2010-01-07
China Raises Interest Rate to 5.81% China's central bank has raised its interest rate for the second time in just over two months as the nation fights to keep inflation in check. 2010-12-26
China's Central Bank Reassures on Monetary Policy China's central bank pledged to maintain loose monetary policy to support the economy and said it would ensure sustainable credit growth without resorting to heavy-handed quotas to rein in a lending spree. 2009-07-30
China Decides to Raise RMB Reserve Requirement In order to strengthen liquidity management and control moderately money and credit supply, the PBC has decided to raise the RMB reserve requirement ratio for depository financial institutions by 0.5 percentage points, effective from Nov. 29, 2010. 2010-12-10



Interest Rate | Notes

The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.




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