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The Central Bank Raised The Benchmark Interest Rate For Renminbi Deposits And Loans By 0.25 Percentage Points.

2010/10/20 8:40:00 153

PBC Increases Benchmark Interest Rate For Deposits And Loans

  

People's Bank of China

Decides that since October 20, 2010

Raise

Renminbi deposits in financial institutions

Benchmark lending rate


The one-year deposit benchmark interest rate of financial institutions increased by 0.25 percentage points, from the current 2.25% to 2.50%; the one-year lending benchmark rate increased by 0.25 percentage points from the current 5.31% to 5.56%; other benchmark rates of interest and loans were adjusted accordingly (see Schedule).




    
        
            
            

Financial institutions RMB deposit and loan benchmark interest rate adjustment unit:%

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