Embodiments of the present invention include a method and base station for obtaining Channel Quality Indicator (CQI) information. One embodiment of the method includes: receiving, by a base station, quantized channel information, quantization error, Inter-Cell Interference (ICI) power and noise power fed back by each User Equipment (UE) after channel estimation; and estimating, by the base station, a CQI corresponding to each UE to obtain an estimated CQI value corresponding to each UE according to the quantized channel information, the quantization error, the ICI power and the noise power which are fed back by the UE as well as an instantaneous precoding vector or matrix of each UE. Through the embodiments, the base station can obtain more precise CQI information of each UE so as to select a precise modulation and coding scheme and to increase system throughput.