China Interest Rate 1996-2014 | Data | Chart | Calendar | Forecast | News

The benchmark interest rate in China was last recorded at 6 percent. Interest Rate in China averaged 6.41 Percent from 1996 until 2014, 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.

   
 
 

China Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.00 10.98 5.31 1996 - 2014 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 Friday, October 31, 2014.


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.

People’s Bank of China appears to be lending CNY 100 billion (USD 16.2 billion) to each of the five largest banks via a three-month standing lending facility operation.

The move comes ahead of the national holidays during the first week of October, when cash demand is expected to increase. 

Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2014 4:50:11 PM


Recent Releases

China Cuts Reserve Ratio for Rural Banks
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014. Published on 2014-04-22

PBOC Widens Yuan’s Daily Trading Band
People’s Bank of China decided on March 15th, 2014 to widen the trading band, allowing the Yuan to fluctuate by 2 percent from the parity daily, up from the previous 1 percent target. The decision, effective from March 17th aims to enable the market to play its roles and make the Yuan a freer currency. Published on 2014-03-17


China Money Last Previous Highest Lowest Unit
Interest Rate 6.00 6.00 10.98 5.31 Percent [+]
Interbank Rate 4.64 4.66 9.00 1.34 Percent [+]
Money Supply M0 5884.50 5799.76 7650.00 17.85 CNY Billion [+]
Money Supply M1 32722.02 33202.32 34150.00 74.51 CNY Billion [+]
Money Supply M2 120205.14 119749.91 120960.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 330634.21 330091.56 331181.51 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3887700.00 3968825.00 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 857.20 702.50 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 793849.52 785278.90 793849.52 413413.10 CNY Hundred Million [+]
Loan Growth 13.00 13.23 34.74 10.60 Percent [+]