How often is China Risk Free Rate updated?

Risk Free Rate for China is released on a daily schedule by People's Bank of China (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.

What unit is Risk Free Rate reported in?

The series is published in %. The exact unit is also returned on every API response under the indicator metadata.

Where does FXMacroData source China Risk Free Rate data?

Data is fetched directly from People's Bank of China or the official national statistics publication for China. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.

How do I query Risk Free Rate for China via the API?

Issue a GET request to /api/v1/announcements/cny/risk_free_rate?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.

China 无风险利率 API Data

无风险利率 (CNY)

银行间隔夜拆借利率。

Category: Monetary Policy

API Endpoint

/api/v1/announcements/cny/risk_free_rate

About 无风险利率 (CNY)

The risk-free rate for China is typically proxied by the shortest-maturity government bond yield or the central bank's overnight policy rate. It is the baseline discount rate for all China asset valuations.

Why FX traders watch it

All asset prices in China are discounted against the risk-free rate. Rising risk-free rates lift the cost of capital, dampen equity valuations, and typically attract foreign capital to cny-denominated bonds.

How to interpret the data

Rising risk-free rates relative to global peers support the cny via carry and capital flow channels. Falling rates signal monetary easing expectations and are typically cny-negative.

Historical 无风险利率 (CNY)

Source: NBS/PBoC · Daily · %

Chart data not available. Access the full historical series via the API endpoint above.

Data Source

Primary Source

NBS/PBoC

Official Series ID

PBoC DR007

External Link

View Official Data Page

Data Format and Properties

Data Frequency

Daily

Unit of Measure

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format.

{ "currency": "CNY", "indicator": "risk_free_rate", "has_official_forecast": false, "start_date": "2023-01-01", "end_date": "2023-12-31", "data": [ { "date": "2024-07-01", "val": 4.2, "announcement_datetime": 1722456000 } ] }

Request Parameters & Usage

Parameter	Required	Format	Description
`start_date`	NO	`YYYY-MM-DD`	Optional lower bound for the requested history.
`end_date`	NO	`YYYY-MM-DD`	Optional upper bound. Defaults to the current date.
`api_key`	CONDITIONAL	`string`	Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve 无风险利率 data for CNY from 2023:

GET https://fxmacrodata.com/api/v1/announcements/cny/risk_free_rate?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How often is China Risk Free Rate updated?: Risk Free Rate for China is released on a daily schedule by People's Bank of China (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Risk Free Rate reported in?: The series is published in %. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source China Risk Free Rate data?: Data is fetched directly from People's Bank of China or the official national statistics publication for China. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Risk Free Rate for China via the API?: Issue a GET request to /api/v1/announcements/cny/risk_free_rate?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.