People's Bank of China increased interest rates 25bps

The People's Bank of China increased interest rates for the first time since 2007, raising the key rates by 25bps:

People's Bank of China, from October 20, 2010 from financial institutions raised the benchmark deposit and lending rates. The one-year benchmark deposit rate by 0.25 percentage points, from the current 2.25% to 2.50%; one-year benchmark lending rate by 0.25 percentage points, from the current 5.31% to 5.56%; other deposit and lending interest rates adjusted accordingly. [Google Translated]

See the original announcement: http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2010/20101019190335092958679/20101019190335092958679_.html


Source: http://www.pbc.gov.cn