Deposit and loan interest rates have come down 1.08 percentage points

In order to implement appropriate monetary policy, the banking system to ensure an adequate supply of liquidity to promote the steady growth of monetary credit, the role of monetary policy in supporting economic growth in the active role of the People's Bank of China decided to cut the benchmark interest rate of RMB deposits and loans and deposit-taking financial institutions to prepare Gold: From November 27, 2008, the financial institutions to cut one-year yuan loans to keep the benchmark interest rate 1.08 percentage points in all other grades of the deposit and loan period of interest rate adjusted accordingly. At the same time, the central bank reduced refinancing and rediscount rate, and so on. From December 5, 2008, the Industrial and Commercial Bank of reduced (market share it), the Agricultural Bank, Bank of China (market share it), China Construction Bank (market share it), Bank of Communications (market share it), postal savings banks and other large-scale RMB deposits in financial institutions deposit reserve ratio by 1 percentage point, taking down small and medium-sized financial institutions RMB deposit reserve ratio by 2 percentage points. At the same time, continue to Wenchuan earthquake-stricken areas and rural financial institutions in the implementation of the preferential deposit reserve ratio.