What does interest rate plus 108 basis point mean?

If the interest rate is raised by 108 basis points, the interest rate will go up by10.08%, while the LPR released in February of 20 19 is 4.8%, and if the interest rate is raised by 108 basis points, it will be 5.88%.

Tips: The above information is for reference only.

Reply time: 2022-0 1-30. Please refer to the latest business changes announced by Ping An Bank in official website.

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