The Central Bank Raises Benchmark Rates
The People’s Bank of China raised benchmark rates on October 20, 2010. Raising one-year deposit rates by 25 basis points from the current 2.25% to 2.50%. And one-year lending rates raised by 25 basis points, from 5.31% to 5.56%. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
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Benchmark Interest Rates for RMB Deposit and Loans of Chinese Financial Organizations Adjustment Sheet (%) |
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PRRVIOUS |
NOW |
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ⅠDEPOSIT OF URBAN, RURAL RESIDENTS AND UNIT | ||
|
ⅰCURRENT DEPOSIT |
0.36 |
0.36 |
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ⅱLUMP-SUM TERM DEPOSIT |
|
|
|
THREE-MONTHS |
1.71 |
1.91 |
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HALF-YEAR |
1.98 |
2.20 |
|
ONE-YEAR |
2.25 |
2.50 |
|
TWO-YEAR |
2.79 |
3.25 |
|
THREE-YEAR |
3.33 |
3.85 |
|
FIVE-YEAR |
3.60 |
4.20 |
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Ⅱ TOTAL LOANS | ||
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SIX-MONTH |
4.86 |
5.10 |
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ONE-YEAR |
5.31 |
5.56 |
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ONE TO THREE YEARS |
5.40 |
5.60 |
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THREE TO FIVE YEARS |
5.76 |
5.96 |
|
MORE THAN FIVE YEARS |
5.94 |
6.14 |
