China · CNY
People's Bank of China: next decision, current policy rate, consensus
As of 28 October 2026.
No People's Bank of China policy rate decision date is inside the published calendar window yet; a date appears here as soon as the bank publishes its own schedule.
The policy rate is currently 3%, as published on 20 Oct 2026.
People's Bank of China rate facts
Every value is the latest published reading FXMacroData holds. A decision date appears only after the bank publishes it, and times are shown in UTC with the market-local time where the schedule supplies one.
| Current policy rate | 3% Latest published reading, 20 Oct 2026 |
|---|---|
| Last change | Unchanged in the readings held |
| Next decision (UTC) | Scheduled |
| Consensus | Not published |
| Meeting frequency | Monthly Published cadence for this series. FXMacroData never infers a decision date from a cadence rule. |
| Official source | PBoC |
The full policy rate history, decision by decision, is on the China policy rate page. Upcoming dates come from the published release calendar, which currently reaches 04 Nov 2026 17:26 UTC.
How People's Bank of China sets policy
The People's Bank of China (PBoC) sets the daily USD/CNY mid-point fix and uses a range of policy tools — the medium-term lending facility (MLF) rate, reserve requirement ratio (RRR), open-market operations, and the loan prime rate (LPR) — to manage liquidity and credit conditions.
Common questions
When is the next People's Bank of China rate decision?
The next People's Bank of China policy rate decision is scheduled for Fri 20 Nov 2026 at UTC.
What is the current People's Bank of China policy rate?
The People's Bank of China policy rate is 3%, from the reading published on 20 Oct 2026.
How often does the People's Bank of China meet?
The policy rate series is published Monthly. FXMacroData publishes a decision date only after the bank confirms it, so a cadence never stands in for a date.
How do I get People's Bank of China decisions from the API?
Call GET /v1/announcements/cny/policy_rate for the rate series with its release timestamps, and GET /v1/calendar/cny?indicator=policy_rate for the upcoming decision date. USD is open without a key; other currencies need a subscription key.