Bank of China cuts RMB deposit rates

On May 20, the Bank of China cut the RMB deposit interest rate on May 20, of which the demand interest rate was reduced by 5 basis points to 0.05%; the fixed deposit and take-up three-month, half-year, one-year and two-year periods were reduced by 15 basis points, respectively 0.65%, 0.85%, 0.95% and 1.05%; the three-year and five-year periods were reduced by 25 basis points, respectively to 1.25% and 1.3%. The three terms of regular zero deposit and take-up, whole deposit and take-up, and deposit principal interest were reduced by 15 basis points. The 7-day notice deposit interest rate was reduced by 15 basis points to 0.3%. < br > < img src = "https://flash-scdn.jin10.com/e71e2f6a-9973-4d92-bcae-ecf6cfae186a.png" referrerpolicy = "no-referrer" >