In 20 17, the benchmark loan interest rate announced by the People's Bank of China was 4.35% from June to June (inclusive), 4.35% from June to 1 (inclusive) and 4.75% from June to 1-5 (inclusive).

The benchmark interest rate for deposits and loans is the guiding interest rate for loans issued by the Central Bank (People's Bank of China) to commercial banks, and it is one of the monetary policies used by the Central Bank to regulate the operation of social economy and financial system.

Commercial banks will formulate loan interest rate portfolios based on this benchmark interest rate. Raising the benchmark interest rate means credit contraction, declining social mobility, rising credit costs and slowing economic development. or vice versa, Dallas to the auditorium

Official website, the People's Bank of China, shows that since 20 15, 10/24, the current interest rate of RMB has been adjusted as follows: the interest rate within one year (including one year) is 4.35%, the interest rate within one year to five years (including five years) is 4.75%, and the interest rate above five years is 4.995%.