The People's Bank of China announced on Thursday that the benchmark interest rate of deposits and loans was raised by 27%. Although this interest rate raised is small, it is the first increase in interest rates in China for more than nine years. Analysts generally welcomed this move, but believed that the significance of this rate slight increase exceeded the actual significance.
The People's Bank of China announced on Thursday that the annual loan interest rate was transferred from 55% to 5.5%, and the annual deposit rate increased from a percent of nineteen percent. Two or five. The ranking of loans and deposit interest rates is from 27%, and the new interest rate will take effect from October 29. At the same time, the People's Bank also announced further relaxation of financial institutions' loan interest rate floating intervals, and the loan interest rate is no longer set to set the upper limit, and the lower limit is maintained at zero points in the reference interest rate.
1. Correct negative interest rate status
2. Symbolism is greater than the actual meaning
3. Give economic cooling
