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Asia Central Bank Rates – February 2020

Caproasia Institute | February 2020

Caproasia Institute releases the Asia Central Bank rates for February 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:

  1. PBOC – People’s Bank of China
  2. RBI – Reserve Bank of India
  3. BOJ – Bank of Japan
  4. BOK – Bank of Korea
  5. HKMA – Hong Kong Monetary Authority
  6. CBC – Central Bank of China, Taiwan
  7. BI – Bank Indonesia
  8. BNM – Bank Negara Malaysia
  9. BOT – Bank of Thailand
  10. BSP – Bangko Sentral ng Pilipinas
  11. SBV- State Bank of Vietnam

More: 2018 Most Influential Central Banks


Tokyo Stock Exchange


Asia Central Bank Rates

North Asia
S/NCountryCentral BankPrevious RateNew RateChangeEffective from
1ChinaPBOC4.15%4.05%Decrease 0.10%20/2/20
2IndiaRBI5.15%5.15%No Change6/2/20
3JapanBOJ-0.10%-0.10%No Change21/1/20
4KoreaBOK1.25%1.25%No Change27/2/20
5Hong Kong SARHKMA2.25%2.00%Decrease 0.25%31/10/19
6TaiwanCBC1.375%1.375%No Change19/12/19


Source: Caproasia Institute


Southeast Asia
S/NCountryCentral BankPrevious RateNew RateChangeEffective from
1IndonesiaBI5.00%4.75%Decrease 0.25%20/2/20
2MalaysiaBNM3.00%2.75%Decrease 0.25%22/1/20
3ThailandBOT1.25%1.00%Decrease 0.25%5/2/20
4PhilippinesBSP4.00%3.75%Decrease 0.25%6/2/20
5VietnamSBV6.25%6.00%Decrease 0.25%16/9/19


Source: Caproasia Institute

February 2020 Meetings

There are 6 central bank meetings in February 2020.  4 Central Banks decreased interest rate (PBOC, BI, BOT and BSP) while 2 Central Banks maintained interest rate (RBI and BOK).

  • China decrease interest rate by 0.10% from 4.15% to 4.05%
  • India maintain interest rate at 5.15%
  • Korea maintain interest rate at 1.25%
  • Indonesia decrease interest rate by 0.25% from 5.00% to 4.75%
  • Thailand decrease interest rate by 0.25% from 1.25% to 1.00%
  • Philippines decrease interest rate by 0.25% from 4.00% to 3.75%


Previous Meetings

  • Japan maintain interest rate at -0.10% (Jan 2020)
  • Hong Kong decrease interest rate by 0.25% from 2.25% to 2.00% (Oct 2019)
  • Taiwan maintain interest rate at 1.375% (Dec 2019)
  • Malaysia decrease interest rate by0.25% from 3.00% to 2.75% (Jan 2020)
  • Vietnam decrease interest rate by 0.25% from 6.25% to 6.00% (Sept 2019)


Updated: 4th March 2020


February 2020 Reports:



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. is the leading financial media platform covering capital markets, investments and private wealth in Asia. Driving $25 trillion of assets in Asia.

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