Asia Central Bank Rates – March 2020
Caproasia Institute | March 2020
Caproasia Institute releases the Asia Central Bank rates for March 2020.
Data includes the latest central bank rates, previous rates, interest rate changes and effective date from last central bank announcement.
The Asia Central Banks:
- PBOC – People’s Bank of China
- RBI – Reserve Bank of India
- BOJ – Bank of Japan
- BOK – Bank of Korea
- HKMA – Hong Kong Monetary Authority
- CBC – Central Bank of China, Taiwan
- BI – Bank Indonesia
- BNM – Bank Negara Malaysia
- BOT – Bank of Thailand
- BSP – Bangko Sentral ng Pilipinas
- SBV- State Bank of Vietnam
More: 2018 Most Influential Central Banks
Asia Central Bank Rates
North Asia
S/N | Country | Central Bank | Previous Rate | New Rate | Change | Effective from |
1 | China | PBOC | 4.05% | 4.05% | No Change | 20/3/20 |
2 | India | RBI | 5.15% | 4.40% | Decrease 0.75% | 27/3/20 |
3 | Japan | BOJ | -0.10% | -0.10% | No Change | 16/3/20 |
4 | Korea | BOK | 1.25% | 0.75% | Decrease 0.50% | 17/3/20 |
5 | Hong Kong SAR | HKMA | 2.00% | 0.86% | Decrease 1.14% | 16/3/20^ |
6 | Taiwan | CBC | 1.375% | 1.125% | Decrease 0.25% | 19/3/20 |
Source: Caproasia Institute
Southeast Asia
S/N | Country | Central Bank | Previous Rate | New Rate | Change | Effective from |
1 | Indonesia | BI | 4.75% | 4.50% | Decrease 0.25% | 19/3/20 |
2 | Malaysia | BNM | 2.75% | 2.50% | Decrease 0.25% | 3/3/20 |
3 | Thailand | BOT | 1.00% | 0.75% | Decrease 0.25% | 3/3/20^^ |
4 | Philippines | BSP | 3.75% | 3.25% | Decrease 0.50% | 20/3/20 |
5 | Vietnam | SBV | 6.00% | 5.00% | Decrease 1.00% | 16/3/20 |
Source: Caproasia Institute
March 2020 Meetings
There are 10 Asian Central Bank meetings in March 2020. 8 Central Banks decreased interest rate while 2 Central Banks maintained interest rate.
- Maintain: China, Japan
- Decrease: India, Korea, Hong Kong, Taiwan, Indonesia, Malaysia, Thailand, Philippines, Vietnam
North Asia
- China (PBOC) maintain interest rate at 4.05%
- India (RBI) decrease interest rate by 0.75% from 5.15% to 4.40%
- Japan maintain interest rate at -0.10%
- Korea decrease interest rate by 0.50% from 1.25% to 0.75%
- Hong Kong decrease interest rate by 1.14% from 2.00% to 0.86%
- Taiwan decrease interest rate by 0.25% from 1.375% to 1.125%
Southeast Asia
- Indonesia decrease interest rate by 0.25% from 4.75% to 0.25%
- Malaysia decrease interest rate by 0.25% from 2.75% to 2.50%
- Thailand decrease interest rate by 0.25% from 1.00% to 0.25%
- Philippines decrease interest rate by 0.50% from 3.75% to 3.25%
- Vietnam decrease interest rate by 1.00% from 6.00% to 5.00%
^ Hong Kong SAR (HKMA) held 2 meetings in March 2020:
- 4th March – decrease interest rate by 0.5% from 2% to 1.5%
- 16th March – decrease interest rate by 0.64% from 1.5% to 0.86%
^^ Thailand (BOT) held 2 meetings in March 2020:
- 23rd March – decrease interest rate by 0.25% from 1% to 0.75%
- 25th March – maintain interest rate at 0.75%
Updated: 4th April 2020
March 2020 Reports:
- Interest Rates Report – March 2020
- Key Central Bank Rates – March 2020
- Asia Central Bank Rates – March 2020
- Influential Central Bank Rates – March 2020
- Interbank Rates – March 2020
February 2020 Reports:
- Interest Rates Report – February 2020
- Key Central Bank Rates – February 2020
- Asia Central Bank Rates – February 2020
- Influential Central Bank Rates – February 2020
- Interbank Rates – February 2020
Notes
The central bank of Singapore is the Monetary Authority of Singapore (MAS). MAS does not set a central bank rate, and instead rely on using foreign exchange rate to manage the monetary policy.
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