The PBC has decided to raise RMB benchmark deposit and loan rates of financial institutions as of Apr. 6, 2011. 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 also adjusted (see the table below).
Adjustment of RMB Benchmark Deposit and Loan Rates
Unit: percent
|
Item |
Rate (after adjustment) |
|
1.Household and corporate deposits |
|
|
1.1 Demand deposits |
0.50 |
|
1.2 Time deposits of lump-sum deposit and withdrawal |
|
|
3-month |
2.85 |
|
6-month |
3.05 |
|
1-year |
3.25 |
|
2- year |
4.15 |
|
3-year |
4.75 |
|
5- year |
5.25 |
|
2.Loans |
|
|
6-month |
5.85 |
|
1-year |
6.31 |
|
1 to 3-year |
6.40 |
|
3 to 5-year |
6.65 |
|
Over 5-year |
6.80 |
|
3. Personal housing provident fund loans |
|
|
Below 5-year (inclusive) |
4.20 |
|
Above 5-year |
4.70 |
