The most popular central bank cut the benchmark in

2022-07-26
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The people's Bank of China has decided to cut the benchmark interest rate of RMB deposits and loans of financial institutions from July 6, 2012. The benchmark interest rate of one-year deposits of financial institutions was lowered by 0.25 percentage points, and the benchmark interest rate of one-year loans was lowered by 0.31 percentage points; Other benchmark interest rates for deposits and loans of various grades and deposits and loans of individual housing provident fund

the people's Bank of China has decided to lower the benchmark interest rate for RMB deposits and loans of financial institutions from July 6, 2012. The benchmark interest rate of one-year deposits of financial institutions was lowered by 0.2, and the diameter of small steel bars (mm) was 5.1%, which was a static percentage point. The benchmark interest rate of one-year loans was lowered by 0.31%; The benchmark deposit and loan interest rates of other grades and individual housing provident fund deposit and loan interest rates shall be adjusted accordingly

from the same date, the lower limit of the floating range of loan interest rates of financial institutions will be adjusted to 0.7 times of the benchmark interest rate. The floating range of individual housing loan interest rates will not be adjusted. Financial institutions should continue to strictly implement differentiated housing credit policies, and continue to curb speculative investment. Without unit value, there is no physical meaning of property purchase

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