The central bank said the one-year deposit rate would rise to 3.5 percent, from 3.25 percent, beginning Thursday.

周四上午，央行表示一年期存款利率将从3.25%提高至3.5％。

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The People’s Bank of China upped its one-year deposit rate from 2.25% to 2.50% and its lending rate from 5.31% to 5.56%.

中国人民银行（央行）上调一年期存款利率，从2.25%调至2.5%，而贷款利率则由5.31%调至5.56%。

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When the cut takes effect tomorrow, the cost of one-year bank loans will fall to 6.66% from 6.93%, while the benchmark one-year deposit rate drops to 3.6% from 3.87%.

明天这次下调生效后，一年期银行贷款的利率将从6.92%下降至6.66%，而一年期基准储蓄利率将从3.87%降至3.6%。

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In October, the PBOC raised the benchmark one-year deposit rate to 2.5%, the first hike since December 2007.

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