A MIMO communication method of performing MIMO communication between a base station having a plurality of antennas and each of a plurality of terminals covered by the base station using uplink data slots and downlink data slots that are alternately placed on a time axis. The method includes, in the base station, despreading a received signal that is transmitted from each of the plurality of terminals demodulating the transmission data transmitted from a respective terminal on the basis of the value of the estimated channel; decoding a received signal included in the uplink data slots, estimating a current channel between each of all antennas of the base station and the respective terminal; and comparing the stored value of the estimated channel with a value of the estimated current channel and updating the stored value of the estimated channel to the value of the estimated current channel.