January 12, 2010 / 12:02 PM / 10 years ago

FACTBOX-Chinese interest rate changes since 2004

 BEIJING, Jan 12 (Reuters) - The Chinese central bank on
Tuesday announced that it would raise the bank deposit reserve ratio for the
first time since June 2008.
 Following are tables of recent changes in benchmark Chinese interest rates
and banks' reserve requirement ratio.
 The People's Bank of China sets benchmarks across a range of maturities for
commercial banks' deposit and lending rates. The one-year tenor is regarded as
the most significant.
 
 Announced   Required bank reserve ratio (for Big Five banks)
          change   new ratio
 12/01/10    +50 bp    16.0 pct*
 22/12/08    -50 bp    15.5 pct
 26/11/08   -100 bp    16.0 pct
 08/10/08    -50 bp    17.0 pct
 07/06/08    +100bp    17.5 pct
 12/05/08    +50 bp    16.5 pct
 16/04/08    +50 bp    16.0 pct
 18/03/08    +50 bp    15.5 pct
 16/01/08    +50 bp    15.0 pct
 08/12/07   +100 bp    14.5 pct
 10/11/07    +50 bp    13.5 pct
 13/10/07    +50 bp    13.0 pct
 06/09/07    +50 bp    12.5 pct
 15/08/07    +50 bp    12.0 pct
 05/06/07    +50 bp    11.5 pct
 15/05/07    +50 bp    11.0 pct
 16/04/07    +50 bp    10.5 pct
 25/02/07    +50 bp    10.0 pct
 15/01/07    +50 bp     9.5 pct
 15/11/06    +50 bp     9.0 pct
 15/08/06    +50 bp     8.5 pct
 05/07/06    +50 bp     8.0 pct
 25/04/04    +50 bp     7.5 pct
 21/09/03   +100 bp     7.0 pct
 21/11/99   -200 bp     6.0 pct
 21/03/98   -500 bp     8.0 pct
 09/88   +100 bp    13.0 pct
  1987   +200 bp    12.0 pct
  1985   unified the ratio at 10.0 pct
  * Smaller banks will have a lower reserve requirement.
 
 Announced   one-year deposit        one-year lending
          change    new rate      change    new rate      from
 22/12/08    -27 bp    2.25 pct      -27 bp    5.31 pct  23/12/08
 26/11/08   -108 bp    2.52 pct     -108 bp    5.58 pct  27/11/08
 29/10/08    -27 bp    3.60 pct      -27 bp    6.66 pct  30/10/08
 08/10/08    -27 bp    3.87 pct      -27 bp    6.93 pct  09/10/08
 15/09/08      0 bp    4.14 pct      -27 bp    7.20 pct  16/09/08
 20/12/07    +27 bp    4.14 pct      +18 bp    7.47 pct  21/12/07
 14/09/07    +27 bp    3.87 pct      +27 bp    7.29 pct  15/09/07
 21/08/07    +27 bp    3.60 pct      +18 bp    7.02 pct  22/08/07
 20/07/07    +27 bp    3.33 pct      +27 bp    6.84 pct  21/07/07
 18/05/07    +27 bp    3.06 pct      +18 bp    6.57 pct  19/05/07
 17/03/07    +27 bp    2.79 pct      +27 bp    6.39 pct  18/03/07
 18/08/06    +27 bp    2.52 pct      +27 bp    6.12 pct  19/08/06
 27/04/06      0 bp    2.25 pct      +27 bp    5.85 pct  28/04/06
 28/10/04    +27 bp    2.25 pct      +27 bp    5.58 pct  29/10/04
0 : 0
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