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

PBOC decided to cut the benchmark interest rate by 40 bps to 5.60 percent on November 21st. Interest Rate in China averaged 6.40 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.

      Forecast    
China Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.60 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 Monday, December 22, 2014.


China Cuts Interest Rates


The People´s Bank of China decided to cut its benchmark one-year lending rate by 40 bps to 5.6 percent on November 21st. It is the first rate cut in more than two years as the economy slows.

The one-year lending rate was cut by 40 bps to 5.6 percent and the one-year deposit rate by 25 bps to 2.75 percent, effective November 22nd. Policymakers also decided to increase ceiling for deposit rates to 1.2 times the benchmark rate from the previous 1.1 times.

China’s central bank last cut the benchmark interest rate by 31 bps in July of 2012.

Joana Taborda | joana.taborda@tradingeconomics.com
11/21/2014 11:22:19 AM


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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


China Money Last Previous Highest Lowest Unit
Interest Rate 5.60 6.00 10.98 5.31 percent [+]
Interbank Rate 5.25 4.40 9.00 1.34 percent [+]
Money Supply M0 5840.00 5769.16 7650.00 17.85 CNY Billion [+]
Money Supply M1 33510.00 32961.77 34150.00 74.51 CNY Billion [+]
Money Supply M2 120860.00 119923.63 120960.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 339284.97 336261.61 339284.97 34443.90 CNY Hundred Millions [+]
Foreign Exchange Reserves 3887700.00 3968825.00 3993212.72 2262.00 USD Million [+]
Banks Balance Sheet 852.70 548.30 1890.00 -32.10 CNY Billion [+]
Loans to Private Sector 799325.03 793849.52 799325.03 413413.10 CNY Hundred Million [+]
Loan Growth 13.00 12.86 34.74 10.60 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Dec/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland -0.25 Dec/14 0.00 3.50 -0.25 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]