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.

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.

Graph and download economic data for Interest Rates, Discount Rate for China (INTDSRCNM193N) from Mar 1990 to Jan 2025 about China, interest rate, interest, and rate.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for China (IRSTCI01CNM156N) from Mar 1990 to Jan 2025 about interbank, overnight, China, interest rate, interest, and rate.

In February 2025, the weighted average interest rate of interbank lending in China was 1.86 percent. Banks not only lend out money to individuals and to business but also to one another. It allows them to stock surplus liquidity or to cover a short-term lack of liquidity.

China Central Bank Benchmark Interest Rate: Loan to FI: 1 Year data was reported at 3.500 % pa in 26 Mar 2025. This stayed constant from the previous number of 3.500 % pa for 25 Mar 2025. China Central Bank Benchmark Interest Rate: Loan to FI: 1 Year data is updated daily, averaging 3.500 % pa from Jan 1987 (Median) to 26 Mar 2025, with 13965 observations. The data reached an all-time high of 3.850 % pa in 23 Oct 2015 and a record low of 3.500 % pa in 26 Mar 2025. China Central Bank Benchmark Interest Rate: Loan to FI: 1 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Lending Rates – Table CN.MA: Rediscount and Lending Rate.

In 2022, the lending rate in China was 4.35 percent. The lending rates described the interest rate borrowers have to pay. In China, the interest on borrowings had been decreasing since 2010. At that time, the lending rate was 5.8 percent.

In 2023, the deposit interest rate in China did not change in comparison to the previous year. The deposit interest rate remained at 1.5 percent. The deposit interest rate is paid by financial institutions to deposit account holders.Find more statistics on other topics about China with key insights such as total value of stocks traded.

China Central Bank Benchmark Interest Rate: Reserve Requirement: Excess data was reported at 0.350 % pa in Feb 2025. This stayed constant from the previous number of 0.350 % pa for Jan 2025. China Central Bank Benchmark Interest Rate: Reserve Requirement: Excess data is updated monthly, averaging 0.990 % pa from Jan 1987 (Median) to Feb 2025, with 458 observations. The data reached an all-time high of 9.180 % pa in Apr 1996 and a record low of 0.350 % pa in Feb 2025. China Central Bank Benchmark Interest Rate: Reserve Requirement: Excess 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 .

Key information about China Bank Lending Rate

• China Bank Lending Rate was reported at 3.100 % pa in Mar 2025.
• This stayed constant from the previous number of 3.100 % pa for Mar 2025.
• China Bank Lending Rate data is updated daily, averaging 3.700 % pa from Aug 2019 to 19 Mar 2025, with 2039 observations.
• The data reached an all-time high of 4.250 % pa in 19 Sep 2019 and a record low of 3.100 % pa in 19 Mar 2025.
• China Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Daily.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for China (IR3TIB01CNM156N) from Jun 1997 to Jan 2025 about interbank, 3-month, China, yield, interest rate, interest, and rate.

In December 2024, the weighted average interest rate of interbank pledged repo market in China was 1.65 percent. After the outbreak of COVID-19 the interest rates dropped under two percent. July of 2020 marked the first month after the spread of the pandemic that saw increasing interbank lending interest rates.

As of mid-November 2020, the average interest rate for a personal housing loan in Chengdu was 5.93 percent which was the highest interest rate in the country. Compared to that, the lowest interest rate was in Shanghai with 4.69 percent. On a national average, the interest rate was 5.24 percent for purchasing a first house and 5.54 for purchasing a second one.

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.

As of mid-November 2020, the average interest rate for a personal housing loan in Shanghai was 4.69 percent which was the lowest rate in the country. Compared to that, the highest interest rate was in Chengdu with 5.93 percent. On a national average, the interest rate was 5.24 percent for purchasing a first house and 5.54 for purchasing a second one.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Treasury Securities: Total for China from Jun 1997 to Nov 2023 about 3-month, China, securities, Treasury, yield, interest rate, interest, and rate.

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.

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.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for China (IRSTCI01CNQ156N) from Q1 1990 to Q4 2024 about interbank, overnight, China, interest rate, interest, and rate.

In 2021, the average deposit rate of Bank of Communications stood at 2.1 percent, the highest among China's state commercial banks. The six state commercial banks are the largest banks in China, owning the largest share of deposits in China's commercial banks.