1. The benchmark interest rate is the guiding interest rate for deposits, loans and discounts of commercial banks announced by the People's Bank of China. The deposit interest rate cannot fluctuate temporarily, and the loan interest rate can fluctuate 10% to 70% based on the benchmark interest rate.

2. It will cause corresponding changes in other interest rates. In particular, the refinancing rate and rediscount rate (which are called the three magic weapons of the central bank together with the statutory deposit reserve ratio) are important means to control credit, inflation and austerity.

3, the impact on people's lives:

It should be noted that raising interest rates means that the central bank will tighten monetary policy, so it is more difficult for you to borrow money from banks. Enterprises should expand other businesses. If it falls, it means that the central bank will release money, so we need to pay close attention to the positive aspects and adopt a variety of portfolio management methods.