pboc decision, 2005-03-25
To strike a balance between return and risks and encourage credit support to the development of SMEs, the PBC raised the upper limit of interest rate charged on loans granted by financial institutions (excluding Rural Credit Cooperatives (RCCs)) to small enterprises from 110 percent to 120 percent of the benchmark rate on October 31, 1998; and that charged by the RCCs from 140 percent to 150 percent of the benchmark rate.
Sentiment: neutral
Topic: mp_interest_rate