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People's Bank of China Deposit Rate
Latest Release
Oct 23, 2015
Actual1.50%
Previous1.75%
The deposit rate is the rate paid by financial institutions to deposit account holders.
Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. These can be: deposit rates, lombard rates, discount rates, reference rates etc.
Changing them influences economic growth, inflation, exchange rates and unemployment.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Oct 23, 2015 | 06:30 | 1.50% | 1.75% | ||
| Aug 25, 2015 | 05:00 | 1.75% | 2.00% | ||
| Jun 27, 2015 | 04:00 | 2.00% | 2.25% | ||
| May 10, 2015 | 03:00 | 2.25% | 2.50% | ||
| Feb 28, 2015 | 05:30 | 2.50% | 2.75% | ||
| Nov 21, 2014 | 05:30 | 2.75% | 3.00% |
News
China's central bank cuts rates for sixth time since November
By Reuters - Oct 23, 2015
BEIJING (Reuters) - China's central bank cut interest rates for the sixth time since November on Friday, and it again lowered the amount of cash that banks must hold as reserves in another attempt to...
Analysis
USD Retreats From 2½-Month High
By Trading Point - Oct 26, 2015
The US dollar was lower on Monday but stayed near the 2½-month high it reached on Friday when it rallied on improved risk sentiment. The combination of China’s rate cut, the prospect of...
October On Track For A 4 Year Record
By IG - Oct 26, 2015
There are now two central banks joining the early Christmas present stimulus program. By the end of the week there could be three, with a fourth not moving on rates until mid-2016.The European Central...
Asian Markets Look Set To Continue Surging On Central Bank Easing
By IG - Oct 26, 2015
Asian markets look primed to rally further if the Fed and Bank of Japan (BoJ) meetings go their way this week. In the wake of the European Central Bank (ECB) and the People’s Bank of China...
PBoC Deposit Rate Discussion
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