Financial institutions, the central bank again lowered the benchmark interest rate of RMB deposits and loans

People's Bank of China decided on October 30, 2008 from financial institutions to cut the benchmark interest rate of RMB deposits and loans, one-year deposit interest rate from the current 3.87 percent down to 3.60 percent, down 0.27 percentage points; one-year benchmark lending rate by The current 6.93 percent down to 6.66 percent, down 0.27 percentage points; other grade deposit, loan interest rate adjusted accordingly. Personal housing accumulation fund loan interest rates unchanged.
中国人民银行决定，从2008年10月30日起下调金融机构人民币存贷款基准利率，一年期存款基准利率由现行的3.87%下调至3.60%，下调0.27个百分点；一年期贷款基准利率由现行的6.93%下调至6.66%，下调0.27个百分点；其他各档次存、贷款基准利率相应调整。个人住房公积金贷款利率保持不变。