The PBC has decided to raise RMB benchmark deposit and loan rates of financial institutions as of Dec. 26, 2010. The one-year benchmark deposit and loan rates are raised by 0.25 percentage points respectively. Benchmark rates on deposits and loans of other maturities are also adjusted (see the table below).
Adjustment of RMB Benchmark Deposit and Loan Rates
Unit: percent
|
Rate(after adjustment) |
|
|
I. Household and corporate deposits |
|
|
1.Demand deposit |
0.36 |
|
2.Time deposit of lump-sum deposit and withdrawal |
|
|
3-month |
2.25 |
|
6-month |
2.50 |
|
1-year |
2.75 |
|
2- year |
3.55 |
|
3-year |
4.15 |
|
5- year |
4.55 |
|
II. Loans |
|
|
6-month |
5.35 |
|
1-year |
5.81 |
|
1 to 3-year |
5.85 |
|
3 to 5-year |
6.22 |
|
Over 5-year |
6.40 |
