Central Bank RatesChina policy rate in 2023 (2 changes)
Start of year3.65%
End of year3.45%Dec 31, 2023
Net change-20 bp0 hikes, 2 cuts
Average3.56%
Rank by level33 / 38
Changes in 2023
| Date | From | To | Change |
|---|---|---|---|
| Jun 20, 2023 | 3.65% | 3.55% | cut -10 bp |
| Aug 20, 2023 | 3.55% | 3.45% | cut -10 bp |
Compared with other areas at the end of 2023
42.5%
16%
13%
11.75%
11.25%
10.75%
9.25%
8.25%
8.25%
7%
6.75%
6.75%
6.5%
6.5%
6.5%
6.3%
6%
6%
5.75%
5.75%
5.5%
5.375%
5.25%
5%
4.75%
4.5%
4.5%
4.35%
4.25%
4%
3.6%
3.5%
3.45%
3%
3%
2.5%
1.75%
-0.1%
Year-end rate over time
3%
3%
3.1%
3.45%
3.65%
3.8%
3.85%
4.15%
4.35%
4.35%
4.35%
4.35%
5.6%
6%
6%
6.56%
5.81%
5.31%
5.31%
7.47%
6.12%
5.58%
5.58%
5.31%
5.31%
5.85%
5.85%
2023: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.