Benchmark interest rates include deposit benchmark interest rates and loan benchmark interest rates. In 2020, major banks will take the deposit and loan interest rates issued by the central bank as the benchmark interest rate, so the deposit and loan interest rates of major banks will fluctuate around the benchmark interest rate of the central bank.
According to the Adjustment Table of RMB Deposit Benchmark Interest Rate of Financial Institutions issued by the People's Bank of China, official website, 20 15124, the benchmark interest rates of major banks' deposits in 2020 are as follows:
1. Deposit interest rate: 0.35%.
Two. The interest rate of time deposit is:
(1) lump-sum deposit and lump-sum withdrawal for three months 1. 1.00%, six months 1.30%, one year 1.50%, two years 2. 1.00%, and three years 2.75.
(2) lump-sum deposit and withdrawal, one-year 1. 10%, three-year 1.30% deposits.
(3) Regular lump-sum deposit and withdrawal within one year, and 60% discount on the interest rate of the same grade for fixed-income and double-income loans.
Three. The agreed deposit interest rate is 1. 15%.
4. The interest rate of call deposit is: 0.80% for one day, 7 days 1.35%.
Verb (abbreviation of verb) The deposit interest rate of individual housing provident fund is: 0.35% in the current year and 1. 10% in the previous year.
In addition, according to the Adjustment Table of Benchmark Interest Rate of RMB Loans for Financial Institutions issued by the People's Bank of China official website on 20 15124, the benchmark interest rates of major banks' loans in 2020 are as follows:
1. Short-term loan: 4.35% within one year (including one year);
2. Medium and long-term loans: one to five years (including five years): 4.75%; More than five years, 4.90%;
3. Personal housing provident fund loan: 2.75% for less than five years (including five years); More than five years, 3.25%.
Central bank loan benchmark interest rate
China People's Bank loan benchmark interest rate: (1) Short-term loans: within one year (including one year), and the adjusted interest rate is 4.35. (2) Medium and long-term loans: the adjusted interest rate is 4.75 for one to five years (including five years); The adjusted interest rate for more than five years is 4.90. (3) Personal housing provident fund loan: the adjusted interest rate is 2.75 for less than five years (including five years); The adjusted interest rate for more than five years is 3.25.
In order to deepen the interest rate marketization reform, improve the interest rate transmission efficiency and reduce the financing cost of the real economy, the People's Bank of China decided to reform and improve the formation mechanism of the quoted interest rate (LP) in the loan market. The relevant matters are hereby announced as follows:
1. Since August 20, 2065438+2009, the People's Bank of China has authorized the National Interbank Funding Center to announce the quoted interest rate of the loan market at 9: 30 on the 20th of each month (postponed in case of holidays), which can be inquired by the public on the websites of the National Interbank Funding Center and the People's Bank of China.
II. Loan Market Quotation Rate Quotation Banks should quote to the National Interbank Funding Center at the open market operating rate (mainly referring to the medium-term lending convenience rate) before 9: 00 on the 20th of each month (postponed in case of holidays). After removing the highest and lowest quotations, the National Interbank Funding Center calculates the quotation rate of the loan market through arithmetic average.
Third, in order to improve the representativeness of the loan market quotation rate, the types of quotation banks in the loan market quotation rate have increased from the original national banks to city commercial banks, rural commercial banks, foreign banks and private banks, and this time they have been expanded from 10 to 18, and will be evaluated and adjusted regularly in the future.
4. Expand the quoted interest rate of the loan market from the original one-phase variety 1 year to two-phase variety 1 year and more than five years. Loans with a term of 1 and a term of more than five years are priced with reference to the loan market quoted interest rate of the corresponding term, and the loan interest rates with a term of 1 and a term of 1 to five years are independently selected by the Bank.
Five, from now on, banks should mainly refer to the loan market quotation rate pricing in new loans, and adopt the loan market quotation rate as the pricing benchmark in the floating rate loan contract. The existing loan interest rate is still implemented according to the original contract. Banks may not set the implicit lower limit of loan interest rate pricing in any form through cooperative behavior.
Six, the People's Bank of China will guide the market interest rate pricing self-discipline mechanism to strengthen the supervision and management of the loan market quotation rate, evaluate the quotation quality of quotation banks, urge banks to use the loan market quotation rate pricing, and seriously deal with illegal acts that disrupt the market order such as setting the implicit lower limit of loan interest rate by banks. The People's Bank of China incorporated the application of the quoted interest rate in the loan market and the competitive behavior of the loan interest rate into the macro-prudential assessment (MPA).
Legal basis:
According to Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the one-year loan market listing rate when the contract is established.
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Benchmark interest rate of central bank loans in 2020
In 2020, the state stipulated that the benchmark interest rate of ordinary commercial loans should be 4.35% within one year (including one year), 4.75% from one year to five years (including five years) and 4.9% for more than five years.
The loan interest rate refers to the ratio of interest amount to principal amount during the loan period. China's interest rate is managed by the People's Bank of China, and the determined interest rate is implemented after being approved by the State Council.
The loan interest rate directly determines the profit distribution ratio between the borrowing enterprise and the bank, thus affecting the economic interests of both borrowers and lenders. The loan interest rate varies with the types and duration of loans, and it is also related to the scarcity of borrowed funds.
The loan interest rate is the main basis for the parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China.
202 1 bank benchmark interest rate
In 20021year, the benchmark interest rate of demand deposits of China People's Bank was 0.35%.
First of all, the benchmark interest rate is divided into deposit interest rate and loan interest rate. 202 1 The benchmark deposit interest rate of the People's Bank of China is divided into demand deposit benchmark interest rate and time deposit benchmark interest rate. Current deposit. In 20021year, the benchmark interest rate of demand deposits of China People's Bank was 0.35%. Time deposit. There are three deposit methods for time deposits: 1, lump-sum deposit and withdrawal; 2. Lump-sum deposit and withdrawal, lump-sum deposit and withdrawal, and deposit and withdrawal interest; 3. Life and work. 1, lump-sum deposit and withdrawal. The benchmark interest rate for three-month lump-sum deposit and withdrawal is1.1%; Half-year benchmark interest rate1.3%; One-year benchmark interest rate1.5%; The benchmark interest rate for two years is 2.1%; The three-year benchmark interest rate is 2.75%. 2. lump-sum deposit and withdrawal, deposit and interest. The one-year benchmark interest rate is1.1%; Three-year benchmark interest rate 1.3%. 3. Life and work. One-time discount at the same grade interest rate within one year.
2 loan interest rates are divided into short-term loans, medium-and long-term loans and provident fund loans. The interest rate of central bank loans is as follows: 1, short-term loans. The six-month (inclusive) loan interest rate is 4.35%; The loan interest rate for six months to one year (including 1 year) is 4.35%. 2. Medium and long-term loans. The loan interest rate for one year to three years (including three years) is 4.75%; The loan interest rate for three to five years (including five years) is 4.75%; The loan interest rate for more than five years is 4.9%. 3. Provident fund loans. The loan interest rate for less than five years (including five years) is 2.75%; The loan interest rate for more than five years is 3.25%.
3. The People's Bank of China lowered one of the most important loan interest rates in China, indicating that the government is promoting the easing policy. First, Bank of China lowered the market quotation rate (LPR) of 1 year loan from 3.85% to 3.8%. 1 year LPR is widely used as the benchmark interest rate for banks to issue loans to customers. The last rate cut was in April 2020, when China was coping with the first round of COVID-19 epidemic. The Bank of China lowered the bank reserve ratio this month and actually injected nearly $200 billion into the financial system. However, last week, the central bank kept the medium-term lending facility (MLF) unchanged at 2.95%. MLF is the interest rate that the central bank lends to banks. Economists and analysts said that China has entered an easing cycle and further interest rate cuts are expected in the first half of next year.