The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about China Policy Rate

• China cash rate (Policy Rate: Month End: China: Rediscount Rate) was set at 2.65 % pa in Jun 2023, compared with 2.75 % pa in the previous May 2023.
• China Policy Rate averaged 3.00 % pa and is updated monthly, available from Jan 2016 to Jun 2023.
• The data reached an all-time high of 3.30 % pa in Oct 2019 and a record low of 2.65 % pa in Jun 2023.

• In the latest reports, China Short Term Interest Rate: Month End: SHIBOR: 3 Months was reported at 2.22 % pa in May 2023.
• Its Long Term Interest Rate (Treasury Bond Yield: Interbank: Spot Yield: 10 year) was reported at 2.65 % pa in Jun 2023.
• China Exchange Rate against USD averaged 6.99 (USD/RMB) in May 2023.
• Its Real Effective Exchange Rate was 140.85 in Apr 2023.

Lending Rate in China remained unchanged at 4.35 percent in October from 4.35 percent in September of 2022. This dataset provides - China Prime Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

The central bank provides interest rates for banks to carry out various forms of financing operations, such as rediscounting qualified bills, short-term financing, and secured loan refinancing.

China Lending Rate: Weighted Average: Individual Housing Loan data was reported at 3.090 % pa in Dec 2024. This records a decrease from the previous number of 3.310 % pa for Sep 2024. China Lending Rate: Weighted Average: Individual Housing Loan data is updated quarterly, averaging 5.395 % pa from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 7.620 % pa in Dec 2011 and a record low of 3.090 % pa in Dec 2024. China Lending Rate: Weighted Average: Individual Housing Loan data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate.

Lower Limit of First Home Mortgage Rate: above LPR: Beijing data was reported at -0.450 % Point in 17 May 2025. This stayed constant from the previous number of -0.450 % Point for 16 May 2025. Lower Limit of First Home Mortgage Rate: above LPR: Beijing data is updated daily, averaging 0.550 % Point from Oct 2019 (Median) to 17 May 2025, with 2049 observations. The data reached an all-time high of 0.550 % Point in 25 Jun 2024 and a record low of -0.450 % Point in 17 May 2025. Lower Limit of First Home Mortgage Rate: above LPR: Beijing data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Lower Limit of First Home Mortgage Rate: Prefecture Level City. After adjustment on December 15, 2023: the lower limits of the first and second sets of interest rate policies in the six districts of the city are respectively no less than the market quoted interest rate for loans of the corresponding period plus 10 basis points, and no less than the market quoted interest rate for loans of the corresponding period plus 60 basis points; The lower limits of the first and second sets of interest rate policies in the six non-urban districts are not lower than the market quoted interest rate for loans of the corresponding period, and not lower than the market quoted interest rate for loans of the corresponding period plus 55 basis points.

Key information about China Long Term Interest Rate

• China Treasury Bond Yield: Interbank: Spot Yield: 10 year was reported at 1.73 % pa in Feb 2025, compared with 1.64 % pa in the previous month.
• China Long Term Interest Rate data is updated monthly, available from Jul 2008 to Feb 2025.
• The data reached an all-time high of 4.63 % pa in Dec 2013 and a record low of 1.64 % pa in Jan 2025.
• Long Term Interest Rate is reported by reported by National Interbank Funding Center.

• In the latest reports, China Short Term Interest Rate: Month End: SHIBOR: 3 Months was reported at 1.92 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: China: Rediscount Rate) was set at 2.65 % pa in Jun 2023.
• China Exchange Rate against USD averaged 7.16 (USD/RMB) in Jun 2023.

1 Year MLF Rate in China remained unchanged at 2 percent in January. This dataset includes a chart with historical data for China One-Year Medium-Term Lending Facility Rate.

Each bank publishes information on current accounts, savings deposits, fixed deposits, fixed-term savings deposits, and various interest rates such as mortgage index rates and benchmark rates. (Data for that day)

Loan Prime Rate 5Y in China remained unchanged at 3.50 percent in June. This dataset includes a chart with historical data for China Loan Prime Rate 5Y.

Reverse Repo Rate in China decreased to 1.40 percent in May from 1.50 percent in April of 2025. This dataset provides - China Reverse Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Lending Rate: Weighted Average data was reported at 3.280 % pa in Dec 2024. This records a decrease from the previous number of 3.670 % pa for Sep 2024. China Lending Rate: Weighted Average data is updated quarterly, averaging 5.560 % pa from Dec 2008 (Median) to Dec 2024, with 65 observations. The data reached an all-time high of 8.060 % pa in Sep 2011 and a record low of 3.280 % pa in Dec 2024. China Lending Rate: Weighted Average data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate.

Deposit Interest Rate in China remained unchanged at 0.35 percent in July. This dataset includes a chart with historical data for Deposit Interest Rate in China.

China Central Bank Benchmark Interest Rate: Loan to Fin Inst: Rural & Micro Supporting: 3 Month data was reported at 1.200 % pa in May 2025. This records a decrease from the previous number of 1.450 % pa for Apr 2025. China Central Bank Benchmark Interest Rate: Loan to Fin Inst: Rural & Micro Supporting: 3 Month data is updated monthly, averaging 1.700 % pa from Feb 2020 (Median) to May 2025, with 64 observations. The data reached an all-time high of 2.450 % pa in Feb 2020 and a record low of 1.200 % pa in May 2025. China Central Bank Benchmark Interest Rate: Loan to Fin Inst: Rural & Micro Supporting: 3 Month data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate.

China Required Reserve Ratio data was reported at 6.200 % in 15 May 2025. This records a decrease from the previous number of 6.600 % for 14 May 2025. China Required Reserve Ratio data is updated daily, averaging 9.400 % from Sep 2003 (Median) to 15 May 2025, with 7908 observations. The data reached an all-time high of 18.000 % in 05 Sep 2015 and a record low of 6.200 % in 15 May 2025. China Required Reserve Ratio data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Required Reserve Ratio . In view of the fact that the cut of the RRR effective from 15 Oct 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 07 Oct 2018 In view of the fact that the cut of the RRR effective from 5 July 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 24 June 2018 In view of the fact that the cut of the RRR effective from 25 April 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 17 April 2018

Gold prices have surged past $3,300, driven by US-China trade tensions, central bank purchases, and anticipated interest rate cuts, setting new records in the market.

The yield on China 10Y Bond Yield eased to 1.64% on July 2, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.06 points and is 0.60 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. China 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

14-Day Reverse Repo Rate in China remained unchanged at 1.85 percent in May. This dataset includes a chart with historical data for China 14-Day Reverse Repo Rate.

China IRS: Fixed Interest Rate: 1 Year Lending Rate: 5 Year data was reported at 4.030 % pa in 25 Apr 2013. This records a decrease from the previous number of 4.980 % pa for 31 Jul 2012. China IRS: Fixed Interest Rate: 1 Year Lending Rate: 5 Year data is updated daily, averaging 6.000 % pa from Nov 2010 (Median) to 25 Apr 2013, with 6 observations. The data reached an all-time high of 6.930 % pa in 24 Nov 2010 and a record low of 4.030 % pa in 25 Apr 2013. China IRS: Fixed Interest Rate: 1 Year Lending Rate: 5 Year data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MG: National Interbank Funding Centre (NIFC): Interest Rate Swap: Fixed Interest Rate: Daily.