PBC Decides to Raise RMB Benchmark Deposit and Loan Rates
OREANDA-NEWS. July 11, 2011. The PBC has decided to raise RMB benchmark deposit and loan rates of financial institutions, reported the press-centre of PBC.
The one-year benchmark deposit and loan rates are raised both by 0.25 percentage points.
Benchmark rates on deposits and loans of other maturities and interest rates on personal housing provident fund loans are adjusted correspondingly (see the table below).
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