The People's Bank of China lowered benchmark deposit rates on July 5 by 25 basis points and cut lending rates by 31 basis points, effective from July 6.
Timeline
2012 July 6 One-year deposit rate was lowered by 0.25 of a percentage point, and one-year lending rate was cut by 0.31 of a percentage point.
June 8 One-year deposit and lending rates were lowered by 0.25 of a percentage point.
2011 July 7 One-year deposit and lending rates were raised by 0.25 of a percentage point.
June 20 The reserve requirement ratio was increased by half of a percentage point.
May 18 The reserve requirement ratio was increased by half of a percentage point.
April 6 One-year deposit and lending rates were raised by 0.25 of a percentage point.
March 25 The reserve requirement ratio was increased by half of a percentage point.
February 24 The reserve requirement ratio was increased by half of a percentage point.
February 9 One-year deposit and lending rates were raised by 0.25 of a percentage point.
January 20 The reserve requirement ratio was increased by half of a percentage point. |