In order to implement the tight monetary policy, the People's Bank of China decided to adjust the benchmark interest rate of RMB deposits and loans of financial institutions from February 65438+2 1 day, 2007, and raise the benchmark interest rate of one-year deposits from the current 3.87% to 4. 14%, by 0.27 percentage point; The benchmark interest rate for one-year loans is raised from the current 7.29% to 7.47%, with an increase rate of 0. 18 percentage points; The benchmark interest rates for other grades of deposits and loans will be adjusted accordingly. The interest rate of individual housing provident fund loans remains unchanged (see attached table for specific levels). This adjustment is conducive to preventing rapid economic growth from turning into overheating and structural price increases from turning into obvious inflation.

The central bank raised the deposit and loan interest rate table

Excerpt from sohu finance