The PBC administers two different benchmark interest rates: one year lending and one year deposit rate.

中国人民银行负责管理两个不同的基准利率：一年期贷款利率和一年期存款利率。

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

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Denmark cut its deposit rate below zero in July last year, and in December, the Swiss bank Credit Suisse imposed negative rates on bank deposits to tame demand for the Swiss franc.

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According to the financial information service Moneyfacts, the average cost of a two-year fixed-rate loan, for someone with a 25% deposit, is currently 4.28%.

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