The central bank to raise interest rates by 25 basis points from December 26, 2010
People’s Bank of China announced yesterday that from today, it would raise benchmark deposit and lending financial institutions, interest rates, one-year deposit and lending rates by 0.25 percentage points, respectively. This is the second time during the year the People’s Bank of China to raise interest rates
After the hike, the one-year deposit rate is 2.75%, one-year lending rate is 5.81%. Demand deposit interest rate unchanged at 0.36%.
The central bank once again decided to raise the deposit reserve rate by 0.5 percentage points
November 19, according to the central bank website news, to strengthen liquidity management, appropriate control money and credit, the People’s Bank of China, from November 29, 2010, the increase deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points.
The central bank raised the financial institutions deposit reserve ratio by 0.5 percentage points
People’s Bank of China, from November 16, 2010, decided to raise deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points.
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