2011February 2009 2.75% 3.00% 0.25%
2010 65438+February 26th 2.50% 2.75% 0.25%
1October 20th 2.25% 2.50% 0.25%
2008 65438+February 23rd 2.52% 2.25% -0.27%
2008165438+127 October 3.60% 2.52%-1.08%
June 30, 2008 3.87% 3.60% -0.27%
June 2008 65438+1October 9 4. 14% 3.87% -0.27%
September 2008
June 65438+February 2, 200713.87% 4.14% 0.27%
September 65438+May 2007 3.60% 3.87% 0.27%
August 22(nd), 2007
July 2007 2 1 3.06%
May 2007 19
March 2007 18
August 2006 19
April 28(th), 2006
2004129 October
February 2002 2 1 2.25%
As can be seen from the table, except for a rate cut in 2002, interest rates have been rising from 2004 to the end of 2007. The background is that after China's entry into WTO in 200 1, the economy as a whole showed an accelerated growth trend, reaching its peak in 2007, with GDP growth of 13%, which was very overheated. At the same time, CPI has been rising continuously since 2007, reaching the highest point of 8.7% in early 2008. Therefore, the central bank had to cool the economy during this period and continue to raise interest rates.
In 2008, prices began to fall. At the same time, China's economy changed from overheating to coldness. In the fourth quarter of 2008, the policy made a U-turn of 180 degrees, so in 2008, the interest rate was cut four times in a row from 10 to 12, but the response was actually too slow. As a result, a 4 trillion and extremely loose monetary policy was introduced in 2009.
After the great economic stimulus in 2009, the second half of 20 10 began to show the lagging reaction of excessive money. In July of 20 10, the CPI exceeded 3%, reaching the warning line, and in June 1 1 reached 5. 1%, and it spread from food to non-food, so the inflation situation was grim.