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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
ChinaChina China Interbank Rate held to 1.7 Percent in February 2026
FREDMonthlyReleased March 2026
China China Interbank Rate held to 1.7 Percent in February 2026, released March 2026.
Latest Release
1.700000
Actual
—
Consensus
1.700000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CNH | ▲ Direct | +0.73 | FOREX | Bullish USD | → View |
| USD/CNY | ▼ Inverse | −0.72 | FOREX | Bearish USD | → View |
| USD/JPY | ▲ Direct | +0.62 | FOREX | Bullish USD | → View |
| AUD/USD | ▼ Inverse | −0.49 | FOREX | Bearish AUD | → View |
| BTC/USD | ▲ Direct | +0.29 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
China Interbank Rate (China) was reported at 1.70 Percent in February 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 1.70 Percent, ranging from 1.66 Percent to 1.78 Percent across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 1.72 Percent, up from the prior three at 1.68 Percent. Volatility over the past year (σ 0.04 Percent) is lower than the prior year (σ 0.11 Percent). In March readings over the past 3 years, China Interbank Rate has averaged 2.12 Percent.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/CNH (Bullish USD). A secondary relationship exists with USD/CNY, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Loans (Jun 13) and House Price Index YoY (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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China Interbank Rate - CN
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About China Interbank Rate — China
DEFINITION
China’s Interbank Rate rose to 1.750000% in December, up from November’s 1.690000%, marking the highest level since May. The 0.06 percentage point increase signals tightening liquidity conditions amid year-end funding demand and central bank operations. Market participants are adjusting positions ahead of Lunar New Year, anticipating sustained funding pressures and stable policy from the PBOC. Updated 4/3/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2026): actual 1.7 Percent. Prior reading (Feb 2026): 1.71 Percent. Before that (Jan 2026): 1.75 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CNH (Bullish USD, r=0.73) — a useful reference for forex-focused traders.