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.

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.

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.

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 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.

Lower Limit of First Home Mortgage Rate: above LPR: Shanghai data was reported at -0.450 % Point in 26 Nov 2024. This stayed constant from the previous number of -0.450 % Point for 25 Nov 2024. Lower Limit of First Home Mortgage Rate: above LPR: Shanghai data is updated daily, averaging 0.000 % Point from Oct 2019 (Median) to 26 Nov 2024, with 1877 observations. The data reached an all-time high of 0.350 % Point in 14 Dec 2023 and a record low of -0.450 % Point in 26 Nov 2024. Lower Limit of First Home Mortgage Rate: above LPR: Shanghai 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.

Reverse Repo Rate in China remained unchanged at 1.40 percent in June. This dataset provides - China Reverse Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Lending Rate: Carbon Emission Reduction Facility data was reported at 1.750 % pa in Sep 2024. This stayed constant from the previous number of 1.750 % pa for Jun 2024. China Lending Rate: Carbon Emission Reduction Facility data is updated quarterly, averaging 1.750 % pa from Jun 2022 (Median) to Sep 2024, with 10 observations. The data reached an all-time high of 1.750 % pa in Sep 2024 and a record low of 1.750 % pa in Sep 2024. China Lending Rate: Carbon Emission Reduction Facility 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 and Banking – Table CN.KA: Structural Monetary Policy Instruments.

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

Bank Lending Rate in China remained unchanged at 4.35 percent on Friday July 4. This dataset provides - China Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

CN: Lower Limit of First Home Mortgage Rate: Base Rate Discount: Hubei: Suizhou data was reported at 70.000 % in 07 Oct 2019. This stayed constant from the previous number of 70.000 % for 06 Oct 2019. CN: Lower Limit of First Home Mortgage Rate: Base Rate Discount: Hubei: Suizhou data is updated daily, averaging 70.000 % from Jan 2019 (Median) to 07 Oct 2019, with 280 observations. The data reached an all-time high of 70.000 % in 07 Oct 2019 and a record low of 70.000 % in 07 Oct 2019. CN: Lower Limit of First Home Mortgage Rate: Base Rate Discount: Hubei: Suizhou 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.

In May 2025, the monthly inflation rate in China ranged at -0.1 percent compared to the same month in the previous year. Inflation had peaked at 2.8 percent in September 2022, but eased thereafter. The annual average inflation rate in China ranged at 0.2 percent in 2024. China’s inflation in comparison The term inflation means the devaluation of money caused by a permanent increase of the price level for products such as consumer or investment goods. The inflation rate is most commonly measured by the Consumer Price Index. The Consumer Price Index shows the price development for private expenses based on a basket of products representing the consumption of an average consumer household. Compared to other major economies in the world, China has a moderate and stable level of inflation. The inflation in China is on average lower than in other BRIC countries, although China enjoys higher economic growth rates. Inflation rates of developed regions in the world had for a long time been lower than in China, but that picture changed fundamentally during the coronavirus pandemic with most developed countries experiencing quickly rising consumer prices. Regional inflation rates in China In China, there is a regional difference in inflation rates. As of February 2025, Tibet experienced the highest CPI growth, while Beijing reported the lowest. In recent years, inflation rates in rural areas have often been slightly higher than in the cities. According to the National Bureau of Statistics of China, inflation was mainly fueled by a surge in prices for food and micellaneous items and services in recent months. The price gain in other sectors was comparatively slight. Transport prices have decreased recently, but had grown significantly in 2021 and 2022.

In 2021, the market size of news feed advertising in China grew at **** percent compared to the previous year. Industry experts projected that e-commerce and news feed advertising would be the two major revenue generators in China's online advertising market.

Inflation Rate in China increased to 0.10 percent in June from -0.10 percent in May of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cash Reserve Ratio in China remained unchanged at 7.50 percent in June. This dataset provides - China Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The yield on China 10Y Bond Yield rose to 1.66% on July 11, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0 points, though it remains 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.