People’s Bank today cut the financial institutions yuan one-year benchmark deposit and lending rates by 0.25 percentage points, adjusting, financial institutions one-year benchmark deposit and lending interest rates to 3.25% and 6.31% respectively.
the People’s Bank to implement the interest rate market, the same day, the upper limit of the floating range of interest rates on deposits of financial institutions was adjusted to 1.1 times the benchmark interest rate, loan interest rate fluctuations, the minimum interval was adjusted to 0.8 times the benchmark interest rate.
In other words, if the bank exhausted the floating range of deposit interest rates in disguise to raise interest rates, interest rate to 3.575%, the loan interest rate was reduced to 5.048%, while ICBC and other banks have also announced the floating of interest rates on deposits.
Delta Asia Group Securities, Head of Xiong Liping.
banks shares fully down, including the decline of small and medium-sized mainland banks, CITIC Bank and re-Agricultural Bank of China morning or 4% or more. Bank of Communications, China Merchants Bank and China line fell more than 3%.
In addition, ICBC, Construction Bank and Agricultural Bank of China fell more than 2 percent, the Bank of China fell 1.7%.
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