The benchmark interest rate in China was last recorded at 3.10 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.

In January 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 21 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 0.5 percent in January 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.

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.

Key information about China Long Term Interest Rate

• China Treasury Bond Yield: Interbank: Spot Yield: 10 year was reported at 1.64 % pa in Jan 2025, compared with 1.69 % pa in the previous month.
• China Long Term Interest Rate data is updated monthly, available from Jul 2008 to Jan 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 1.70 % pa in Jan 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.

The benchmark interest rate in Hong Kong was last recorded at 4.75 percent. This dataset provides the latest reported value for - Hong Kong Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to latest figures published by the National Bureau of Statistics of China, the average annual inflation rate in China ranged at around 0.2 percent in 2024 compared to the previous year. This was lower than formerly expected by the IMF. For 2025, projections by the IMF published in October 2024 expected the inflation rate to reach around 1.7 percent. The monthly inflation rate in China dropped to negative values in the second half of 2023 and remained comparatively low in 2024. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 5 Year data was reported at 1.604 % pa in Feb 2025. This records an increase from the previous number of 1.478 % pa for Jan 2025. China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 5 Year data is updated monthly, averaging 3.030 % pa from Dec 2007 (Median) to Feb 2025, with 206 observations. The data reached an all-time high of 5.123 % pa in Jan 2014 and a record low of 1.478 % pa in Jan 2025. China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing 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.

Loan Prime Rate 5Y in China remained unchanged at 3.60 percent in March. This dataset includes a chart with historical data for China Loan Prime Rate 5Y.

Interbank Rate in China decreased to 1.93 percent on Wednesday March 26 from 1.94 in the previous day. This dataset provides - China Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 14 Day data was reported at 2.751 % pa in 27 Jan 2021. This records an increase from the previous number of 2.400 % pa for 21 Oct 2020. China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 14 Day data is updated daily, averaging 2.812 % pa from Nov 2010 (Median) to 27 Jan 2021, with 59 observations. The data reached an all-time high of 5.050 % pa in 29 Jun 2011 and a record low of 2.100 % pa in 28 May 2020. China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 14 Day 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.

While higher interest rates increase the cost of credit financing for businesses, this study finds that the direct impact of this traditional credit transmission mechanism on corporate bankruptcy risk is limited. Instead, our research reveals that changes in corporate behavior induced by rising debt financing costs are the root cause of bankruptcy risk. In the short term, an increase in interest rates drives businesses to substitute supply chain financing for credit financing in pursuit of profit maximization. This mismatch of short-term debt and long-term investments undermines the sustainability of the supply chain, ultimately reducing financial security—sacrificing safety for profitability. In the long term, higher interest rates exacerbate the overcapacity problem in industries, increasing the unsustainability of the production and sales balance. Using data from China’s construction industry, this study empirically tests these findings and, based on the main conclusions, provides policy suggestions regarding the long- and short-term effects of monetary policy on the sustainable development of China’s construction industry: (1) focus on short-term interest rate risks and be vigilant against commercial credit bubbles; (2) long-term monetary policy should prioritize industrial structure optimization.

China Interval Ratio of Lending Rate: Loan Prime Rate(LPR) data was reported at 5.460 % in Dec 2024. This records an increase from the previous number of 4.850 % for Nov 2024. China Interval Ratio of Lending Rate: Loan Prime Rate(LPR) data is updated monthly, averaging 5.990 % from Aug 2019 (Median) to Dec 2024, with 65 observations. The data reached an all-time high of 8.420 % in Mar 2021 and a record low of 0.320 % in Aug 2019. China Interval Ratio of Lending Rate: Loan Prime Rate(LPR) 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 Wenzhou Index: Private Financing Composite Interest Rate: 1 Month data was reported at 16.920 % pa in 20 Mar 2025. This records an increase from the previous number of 10.540 % pa for 19 Mar 2025. China Wenzhou Index: Private Financing Composite Interest Rate: 1 Month data is updated daily, averaging 19.650 % pa from Nov 2023 (Median) to 20 Mar 2025, with 333 observations. The data reached an all-time high of 30.050 % pa in 12 Mar 2025 and a record low of 5.500 % pa in 26 Jan 2025. China Wenzhou Index: Private Financing Composite Interest Rate: 1 Month data remains active status in CEIC and is reported by Wenzhou Private Financ Index. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Private Lending Rate: Wenzhou.

The statistic shows the inflation rate in Australia from 1987 to 2022, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Australia was at about 6.61 percent compared to the previous year.

Australia's economy

Australia has one of the world’s largest economies and is a significant global importer and exporter. It is also labeled as one of the G20 countries, also known as the Group of Twenty, which consists of 20 major economies around the globe. The Australian economy is highly dependent on its mining sector as well as its agricultural sector in order to grow, and it exports the majority of these goods to eastern Asian countries, most prominently China. Large quantities of exports have helped Australia maintain a stable economy and furthered economic expansion, despite being affected by several economic obstacles.

Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is the further development of the nation’s mining industry coupled with the expansion and success of many Australian mining companies.

China IRS: Fixed Interest Rate: 3 Month SHIBOR: 4 Year data was reported at 1.434 % pa in Jan 2025. This records an increase from the previous number of 1.430 % pa for Dec 2024. China IRS: Fixed Interest Rate: 3 Month SHIBOR: 4 Year data is updated monthly, averaging 3.476 % pa from Jan 2008 (Median) to Jan 2025, with 178 observations. The data reached an all-time high of 5.747 % pa in Jan 2014 and a record low of 1.430 % pa in Dec 2024. China IRS: Fixed Interest Rate: 3 Month SHIBOR: 4 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.

China IRS: Weighted Avg Rate: LPR5Y: 2 Year data was reported at 3.480 % pa in 19 Mar 2025. This records an increase from the previous number of 3.466 % pa for 04 Mar 2025. China IRS: Weighted Avg Rate: LPR5Y: 2 Year data is updated daily, averaging 4.393 % pa from Apr 2021 (Median) to 19 Mar 2025, with 42 observations. The data reached an all-time high of 4.850 % pa in 08 Jul 2021 and a record low of 3.466 % pa in 04 Mar 2025. China IRS: Weighted Avg Rate: LPR5Y: 2 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: Weighted Avg Rate: Daily.

China IRS: Fixed Interest Rate: 1 Year Lending Rate: 6 Month data was reported at 7.850 % pa in 03 Sep 2013. This records an increase from the previous number of 7.360 % pa for 05 Jul 2013. China IRS: Fixed Interest Rate: 1 Year Lending Rate: 6 Month data is updated daily, averaging 6.752 % pa from Jun 2011 (Median) to 03 Sep 2013, with 146 observations. The data reached an all-time high of 10.640 % pa in 29 May 2012 and a record low of 3.945 % pa in 25 Apr 2013. China IRS: Fixed Interest Rate: 1 Year Lending Rate: 6 Month 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.

China Lending Rate: USD: Over 1 Year data was reported at 5.230 % pa in Dec 2024. This records an increase from the previous number of 4.900 % pa for Nov 2024. China Lending Rate: USD: Over 1 Year data is updated monthly, averaging 3.515 % pa from Jan 2009 (Median) to Dec 2024, with 192 observations. The data reached an all-time high of 6.690 % pa in Jun 2024 and a record low of 1.320 % pa in Oct 2021. China Lending Rate: USD: Over 1 Year 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: Lending Rate: USD.

China Reverse Repurchase Rate (SLO): Central Bank: 5-6 Day data was reported at 4.160 % pa in 24 Dec 2014. This records an increase from the previous number of 3.810 % pa for 18 Dec 2014. China Reverse Repurchase Rate (SLO): Central Bank: 5-6 Day data is updated daily, averaging 3.985 % pa from Dec 2014 (Median) to 24 Dec 2014, with 2 observations. The data reached an all-time high of 4.160 % pa in 24 Dec 2014 and a record low of 3.810 % pa in 18 Dec 2014. China Reverse Repurchase Rate (SLO): Central Bank: 5-6 Day 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.MC: Open Market Operation: Daily.

China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 3 Year data was reported at 1.438 % pa in Jan 2025. This records an increase from the previous number of 1.434 % pa for Dec 2024. China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 3 Year data is updated monthly, averaging 2.819 % pa from Dec 2007 (Median) to Jan 2025, with 206 observations. The data reached an all-time high of 5.033 % pa in Jan 2014 and a record low of 1.140 % pa in Jan 2009. China IRS: Fixed Interest Rate: 7 Day Interbank Repo Fixing Rate: 3 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.