Back to API Index

Izinga Lenqubomgomo YeBhange Elikhulu (CNY)

Izinga lenzalo eliyinhloko elimiswe yiBhange Elikhulu.

Category: Monetary Policy

API Endpoint

/api/v1/announcements/cny/policy_rate

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Izinga Lenqubomgomo YeBhange Elikhulu across all supported currencies →

About Izinga Lenqubomgomo YeBhange Elikhulu (CNY)

The China policy interest rate is the benchmark rate set by the People's Bank of China to influence borrowing costs, credit conditions, and inflation throughout the economy. It is the single most important price in China's financial system.

Why FX traders watch it

Policy rate differentials between countries are the primary driver of carry-trade positioning and long-run FX equilibrium. When the People's Bank of China is hiking while others are on hold, the cny typically appreciates on an interest rate differential basis.

How to interpret the data

A surprise rate hike is cny-positive; a surprise cut is negative. Forward guidance and the policy statement accompanying each decision are often more market-moving than the rate change itself, as markets are usually well-positioned for the expected move.

Historical Izinga Lenqubomgomo YeBhange Elikhulu (CNY)

Source: NBS/PBoC  ·  Monthly  ·  %

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

Data provided by FXMacroData via the /api/v1/announcements/cny/policy_rate endpoint. For access, see pricing.

Data Source

Primary Source

NBS/PBoC

Official Series ID

PBoC LPR

Data Format and Properties

Data Frequency

Monthly

Unit of Measure

%

JSON Response Structure

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

{
    "currency": "CNY",
    "indicator": "policy_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 Izinga Lenqubomgomo YeBhange Elikhulu data for CNY from 2023: 

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

Frequently Asked Questions

How do I get the People's Bank of China policy rate history via API?
Policy rate history for China is available at /api/v1/announcements/cny/policy_rate, with announcement_datetime for every meeting decision.
What happens to the cny when the People's Bank of China raises rates?
Rate hikes attract capital inflows seeking higher yield, which typically strengthens the cny in the short run. However, very aggressive hikes can raise recession fears and eventually weaken the currency.