The benchmark interest rate in China was last recorded at 4.35 percent. It was last cut by 25 basis points in October 2015. On September 27th 2018, the People’s Bank of China left interest rates for open market operations unchanged even after the Federal Reserve s decision to tighten monetary policy. The rate for 7-day reverse repurchase agreements remained at 2.55 percent, the 14-day tenor at 2.70 percent and the 28-day tenor at 2.85 percent, the central bank said in a statement on its website. Interest Rate in China averaged 6.15 percent from 1996 until 2018, reaching an all time high of 10.98 percent in June of 1996 and a record low of 4.35 percent in October of 2015.
Interest Rate in China is expected to be 4.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in China to stand at 4.50 in 12 months time. In the long-term, the China Interest Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.