Tue, October 19, 2010
Business > Economy

China central bank raises deposit rate by 0.25 percentage points

2010-10-19 14:24:17 GMT2010-10-19 22:24:17 (Beijing Time)  Xinhua English

Yuan banknotes are seen in this illustrative photograph taken in Beijing, September 19, 2010.(REUTERS/Petar Kujundzic)

BEIJING - China's central bank said Tuesday it will raise its benchmark one-year lending and deposit rate by 0.25 percentage points effective from October 20.

The People's Bank of China (PBOC) said in a statement on its website that the one-year deposit rate will rise from 2.25 percent to 2.50 percent and the one-year lending rate will increase from 5.31 percent to 5.56 percent.

Add Your Comments:

Your Name:
Your Country:
Comment:
(English Only)
 
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.

SPECIAL COVERAGE

MOST VIEWED

LATEST VIDEO

PICTURE GALLERY