China interest rate: People’s Bank of China policy rate
The People’s Bank of China policy rate is 3.00%, in force since May 20, 2025. Source: Bank for International Settlements, data to Oct 19, 2026. Cut from 3.10% on May 20, 2025.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| May 20, 2025 | 3.00% | -0.10 |
| Oct 21, 2024 | 3.10% | -0.25 |
| Jul 22, 2024 | 3.35% | -0.10 |
| Aug 20, 2023 | 3.45% | -0.10 |
| Jun 20, 2023 | 3.55% | -0.10 |
| Aug 20, 2022 | 3.65% | -0.05 |
| Jan 20, 2022 | 3.70% | -0.10 |
| Dec 20, 2021 | 3.80% | -0.05 |
| Apr 20, 2020 | 3.85% | -0.20 |
| Feb 20, 2020 | 4.05% | -0.10 |
| Nov 20, 2019 | 4.15% | -0.05 |
| Sep 20, 2019 | 4.20% | -0.05 |
| Aug 20, 2019 | 4.25% | -0.10 |
| Jan 1, 2016 | 4.35% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in China?
The People’s Bank of China policy rate is 3.00% (since May 20, 2025).
When did the People’s Bank of China last change its policy rate?
On May 20, 2025, from 3.10% to 3.00%.
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