The China central bank’s third decision to increase interest rates.
From: The People’s Bank of China
Compiler: Fund China
The China central bank decided to raise the financial institutions slight yuan benchmark deposit and lending rates.
The People’s Bank of China, since July 21, 2007 with financial institutions to increase the renminbi deposit benchmark rate. Financial institutions – year benchmark deposit rate increases 0.27% from the current 3.06% to 3.33%; one-year benchmark lending rate will increase by 0.27 percentage point, from the current 6.57% to 6.84%; all other terms benchmark deposit and lending rates are adjusted accordingly. Individual Housing Fund Loan corresponding increases in interest rates 0.09 percentage points. The rate will be conducive to guiding monetary credit and investment growth in a reasonable; To regulate and stabilize inflation expectations, maintaining the general price level basically stable.
Copyright Fund China 2009.
You Might Like:
You must be logged in to post a comment.