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The central bank lowered the benchmark interest
Published:10/26/2015 5:17:58 PMViews: 661
According to the central bank website news, from tomorrow, down regulated financial institutions RMB loans and deposits benchmark interest rate to further reduce social financing costs. Among them, the one-year benchmark interest rate cut 0.25 percentage points to 4.35%; one year deposit rate benchmark interest rate cut 0.25 percentage points to 1.5%.
The people's Bank of China decided to cut the benchmark interest rate of RMB loans and deposits in financial institutions since October 24, 2015, in order to further reduce the cost of social financing. Among them, financial institutions, one-year benchmark lending rate down by a quarter of a percentage point to 4.35%; one year time deposit datum interest rate cut by a quarter of a percentage point to 1.5%; other grades lending and deposit benchmark interest rate, the people's bank lending rates of financial institutions to adjust; individual housing common reserve fund loan interest rates remained unchanged. At the same time, the commercial banks and rural cooperative financial institutions, and other financial institutions will not set up a floating ceiling, and to improve the interest rate market formation and regulation mechanism, strengthen the central bank to control the interest rate system and supervision and guidance, improve the transmission efficiency of monetary policy.
Since the same day, the reduction of financial institutions RMB deposit reserve ratio by 0.5 percentage points, in order to maintain the banking system liquidity is reasonable, and guide the smooth and moderate growth of money and credit. At the same time, in order to increase financial support for the three rural and small and micro enterprises forward incentive, to meet the standards of the financial institutions to reduce the extra deposit reserve ratio of 0.5 percentage points.