A half-rate clock and data recovery circuit includes a phase detector capable of operating at a half-rate, a charge pump circuit, a low pass filter, and a voltage controlled oscillator. The phase detector includes a selector circuit which receives uninverted and inverted signals from respective latches of the phase detector and an uninverted and inverted half-rate clock and outputs uninverted and inverted retimed signals supplied to the charge pump so that the charge pump produces a full-rate output in response to a half-rate input. The circuit provides greater operating margin.