People's Bank of China, Circular on Raising the Benchmark Interest Rates for Renminbi Deposits and Loans of Financial Institutions

中国人民银行关于上调金融机构人民币存贷款基准利率的通知

November 09, 2010 | BY

clpstaff &clp articles

PBOC raises interest rates.

Clp Reference: 3600/10.10.19 Promulgated: 2010-10-19

Issued: October 19 2010

Main contents: Both the interest rates for one-year term deposits and one-year term loans will be raised by a quarter percentage point, from 2.25% to 2.50% and from 5.31% to 5.56% respectively. The interest rates for other term deposits and loans shall be adjusted accordingly (Articles 1 and 2).

clp reference:3600/10.10.19
promulgated:2010-10-19

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