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 Monthly
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, September 16, 2014.


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.

The move intends to promote greater support for agriculture, as rural banks will have more cash available for lending. However, the central bank said the reserve cut will not affect the overall liquidity of the banking system.

The Government had first announced the cut last week but no details were given. The last time the central bank cut the reserve requirement ratio for the banking sector as a whole was in May of 2012, when it trimmed the ratio by 50 bps to 20 percent for most large banks.

Joana Taborda | joana.taborda@tradingeconomics.com
4/22/2014 9:42:56 AM


Recent Releases

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

People’s Bank of China Drains Funds to Curb Lending Surge
On February 18th, 2014, People’s Bank of China drained CNY 48 billion (USD 7.9 billion) from money markets to absorb liquidity, as bank lending jumped more than expected in January. Published on 2014-02-18


Money Last Previous Highest Lowest Unit
Interest Rate 6.00 6.00 10.98 5.31 Percent [+]
Interbank Rate 5.36 4.73 9.89 0.00 Percent [+]
Money Supply M0 5730.00 5700.00 7650.00 17.85 CNY Billion [+]
Money Supply M1 33130.00 34150.00 34150.00 74.51 CNY Billion [+]
Money Supply M2 119420.00 120960.00 120960.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 329698.60 329023.22 331181.51 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3993212.72 3983890.41 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 702.50 385.20 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 778259.41 774424.30 778259.41 413413.10 Hundreds CNY Million [+]
Loan Growth 13.30 13.70 34.74 10.60 Percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Sep/14 2.50 17.50 2.50 Percent [+]
Brazil 11.00 Sep/14 11.00 45.00 7.25 Percent [+]
Canada 1.00 Sep/14 1.00 16.00 0.25 Percent [+]
China 6.00 Aug/14 6.00 10.98 5.31 Percent [+]
Euro Area 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
France 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Germany 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
India 8.00 Aug/14 8.00 14.50 4.25 Percent [+]
Indonesia 7.50 Sep/14 7.50 12.75 5.75 Percent [+]
Italy 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Japan 0.00 Sep/14 0.00 9.00 0.00 Percent [+]
Mexico 3.00 Sep/14 3.00 9.25 3.00 Percent [+]
Netherlands 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Russia 8.00 Sep/14 8.00 10.50 5.00 Percent [+]
South Korea 2.25 Sep/14 2.25 5.25 2.00 Percent [+]
Spain 0.05 Sep/14 0.15 4.75 0.05 Percent [+]
Switzerland 0.00 Aug/14 0.00 3.50 0.00 Percent [+]
Turkey 8.25 Aug/14 8.25 500.00 4.50 Percent [+]
United Kingdom 0.50 Sep/14 0.50 17.00 0.50 Percent [+]
United States 0.25 Aug/14 0.25 20.00 0.25 Percent [+]





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