From 1996 to 2002, China lowered its bank interest rate eight times in a row, which is unprecedented in history.

During the period of 10, the basic situation of bank interest rate adjustment in China is as follows:

Since1May, 1993 15, the annual interest rate of demand deposits of urban and rural residents, enterprises and institutions has increased from 1.8% to 2.16%; The annual interest rate of time deposits is raised by an average of 2. 18 percentage points;

From July 1993, 1 1, the interest rate of RMB deposits and loans was raised, and the fixed-term savings deposits of more than three years were preserved;

From 1995 65438+ 10 1, the annual loan interest rate of financial institutions rose by an average of 0.24 percentage points on the basis of the current interest rate;

Since 1 May 19961day, the deposit and loan interest rates of financial institutions have been reduced. The deposit interest rate dropped by 0.98 percentage points on average and the loan interest rate dropped by 0.75 percentage points on average;

Since August 23rd 1996, the deposit and loan interest rates of financial institutions have been reduced. The average deposit interest rate decreased by 1.5 percentage points, and the average loan interest rate decreased by 1.2 percentage points;

Since1October 23rd 1997, the deposit and loan interest rates of financial institutions have been reduced. After adjustment, the annual interest rates of various deposits are lowered by 1. 1 percentage point on average; The annual interest rates of various loans are lowered by 1.5 percentage points on average;

Since1March 25, 1998, the deposit and loan interest rates of financial institutions have been lowered, and the annual deposit interest rate has been lowered by 0. 16 percentage point on average; The annual interest rate of loans from financial institutions was lowered by an average of 0.6 percentage points.

From July 1 9981,the deposit and loan interest rates of financial institutions will be reduced. The deposit interest rate of financial institutions was lowered by 0.49 percentage points on average, and the loan interest rate was lowered by 1. 12 percentage points on average;

Since199865438+February 7, the deposit and loan interest rates of financial institutions have been lowered, and the deposit interest rates of financial institutions have been lowered by an average of 0.5 percentage points;

Since June of 1999 and 10, the deposit interest rate of financial institutions has dropped by 1 percentage point on average, and the loan interest rate has dropped by 0.75 percentage point on average;

Since February 2, 2002, the deposit and loan interest rates of financial institutions have been lowered, and the deposit interest rate has been lowered by 0.25 percentage point on average, and the loan interest rate has been lowered by 0.5 percentage point on average.