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PBC base interest rate - Chinese central bank’s interest rate

Charts - historic PBC interest rates

Graph Chinese interest rate PBC - interest rates last year

Graph Chinese interest rate PBC - long-term graph

The current Chinese interest rate PBC (base rate) is 6.000 %

PBC - The People’s Bank of China

The People’s Bank of China (PBC or PBOC) is the central bank of the People’s Republic of China. There is no financial institution in the world which has more financial assets / resources than the People’s Bank of China. Under the guidance of the State Council the PBC deals with:
  • drafting and implementing monetary policy. The most important aim of this is to maintain financial stability and the value of the currency in order to stimulate economic growth;
  • to prevent or restrict financial risks;
  • to safeguard financial stability.
Other important tasks for the Central Bank of China are:
  • issuing and administering the circulation of the Renminbi, the official currency of the People’s Republic of China. The name means “people’s currency". The unit of the renminbi is the yuan;
  • regulating the interbank lending market and the interbank bond market;
  • managing the official foreign currency and gold reserves;
  • recording foreign exchange transactions and regulating the interbank trade in foreign currencies;
  • managing the State’s "treasury";
  • maintaining the normal functioning of payment traffic;
  • initiating and organising the financial sector’s anti-moneylaundering policy;
  • calculating the financial statistics and producing research, analyses and forecasts;
  • participating in international financial activities on behalf of the central bank.

Central bank base interest rate

When reference is made to the Chinese interest rate this often refers to the base interest rate. The central bank base interest rate or base rate is PBC’s basic interest rate. The Chinese central bank has complete autonomy with regard to the use of monetary instruments. This means - amongst other things - that the bank sets the interest rates for commercial banks. The bank thereby has a lot of influence over the rates which need to be paid in the market for loans and mortgages and the interest paid on savings.

This page shows the current and historic values of the central bank base interest rate of the Chinese central bank.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic Chinese central bank interest rates

PBC latest interest rate changes

 change date percentage
 july 06 2012 6.000 %
 june 08 2012 6.310 %
 july 07 2011 6.560 %
 april 06 2011 6.310 %
 february 09 2011 6.060 %
 december 26 2010 5.810 %
 october 20 2010 5.560 %
 december 23 2008 5.310 %
 november 27 2008 5.580 %
 october 30 2008 6.660 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 0.250 % 12-16-2008
 RBA interest rate Australia 2.500 % 08-06-2013
 BACEN interest rate Brazil 11.000 % 04-02-2014
 BoE interest rate Great Britain 0.500 % 03-05-2009
 BOC interest rate Canada 1.000 % 09-08-2010
 PBC interest rate China 6.000 % 07-06-2012
 ECB interest rate Europe 0.150 % 06-05-2014
 BoJ interest rate Japan 0.100 % 10-05-2010
 CBR interest rate Russia 8.000 % 07-25-2014
 SARB interest rate South Africa 5.750 % 07-17-2014

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)0.25 %12-16-2008
Australian interest rate (RBA)2.50 %08-06-2013
British interest rate (BoE)0.50 %03-05-2009
Canadian interest rate (BOC)1.00 %09-08-2010
European interest rate (ECB)0.15 %06-05-2014
Japanese interest rate (BoJ)0.10 %10-05-2010
All central banks interest rates, click here
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