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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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