The People's Bank of China launched a CNY 200 billion one-year medium-term lending facility (MLF) operation but kept the rate unchanged at 2.95% on June 15th 2020. The Bank also raised the reserve requirements by 50 basis points in June this year to 21.5%. Contact us for additional information. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use. Loan Prime Rate 1Y

It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The current Chinese interest rate PBC(base rate) is 3.850 % 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. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Beijing ICP prepared NO.16065310-3Copyright © 2020 CGTN. China reported inflation of 5.5% in May, up slightly from 5.3% in April, and 5.4% in March this year, and above the government's target of 4%. Bank of China Introduction: Development Strategies of Bank of China: Directors and Board of Directors: Supervises and Board of Supervises: Senior Management: Announcement-Corporate Social Respons... Anti-Money Laundering On Wednesday, the People's Bank of China cut its new benchmark lending rates by five basis points. The People's Bank of China (PBOC) cut the interest rate of its medium-term lending facility (MLF) loans by 10 basis points to mitigate the impact of the COVID-19 outbreak on its economy.China's central bank lowered the rate of 200 billion yuan (about 28.65 billion U.S. dollars) worth of one-year MLF to financial institutions to 3.15 percent, compared with 3.25 percent on the previous operation.The central bank also injected 100 billion yuan of funds into the market via 7-day reverse repos Monday, when a trillion yuan of reverse repos matured.The Vice President of the PBOC, Fan Yi Fei said on February 15 that the People's Bank of China would strive to improve market liquidity through implementation of different financial instruments to contain the outbreak of COVID-19.On February 17, the chief analyst at China Minsheng Bank, Wen Bin, said that the central bank's move, which combines interest rate reduction with issuing of 7-day reverse repo, aims to delay the maturity date for financial investments and stabilize market expectations. Among them, 38 respondents, or about 75% of participants, expected both the one-yThis follows a cut to the medium-term lending that was made on Monday as policymakers sought to ease the drag to the businesses from a coronavirus outbreak that has severely disrupted activity. On Monday, the Chinese central bank announced it plans to lower the seven-day reverse repo rate to 2.5% from 2.55%. People are worried that the overheated economy in China will bring further negative impacts such as a soft economy. The high degree of leverage can work against you as well as for you. A benchmark lending rate cut would be an extremely strong signal of PBoC’s intentions and directly reduce funding costs for borrowers.

The Trading Economics Application Programming Interface (API) provides direct access to our data. The People's Bank of China last increased the interest rate by 25 basis points in April this year. In its announcement, the PBC stated that the interest rate increase was to strengthen currency and credit regulation and control, create an increase in investment, and stabilize inflation.

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