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20-11 Nominal Interest Rates on Loans of
Financial Institutions | | |
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(annual interest rate %) | | Item | 1997.10.23 | 1998.3.25 | 1998.7.1 | 1998.12.7 | 1999.6.10 | 2002.2.21 | Oct. 23,
1997 | Mar. 25, 1998 | Jul. 1, 1998 | Dec. 7, 1998 | Jun. 10, 1999 | Jun. 10, 2000 | |
| | | | | | | Short-term |
| | | | | | | 6 Months |
7.65 | 7.02 | 6.57 | 6.12 | 5.58 | 5.04 | | 1 Year |
8.64 | 7.92 | 6.93 | 6.39 | 5.85 | 5.31 | | Medium-and
Long- term |
| | 3 Years or Less |
9.36 | 9.00 | 7.11 | 6.66 | 5.94 | 5.49 | | 5 Years or Less |
9.90 | 9.72 | 7.65 | 7.2 | 6.03 | 5.58 | | More than 5
Years |
10.53 | 10.35 | 8.01 | 7.56 | 6.21 | 5.76 |
| a)The lending rate could be 10% higher
or 10% lower than nominal interest rates;for rural credit cooperatives, the
lending rate could be 40% |
| higher or 10% lower than nominal
interest rates. |
| b) As of November 1998, the lending rate
for small-sized entrprises could be 20% higher than nominal interest rates,
and the lending rate for |
| medium- and large- sized
entrprises could be 10% higher than nominal interest rates. For all financial
institutions, the lending rate could be 10% | | lower than nominal interest
rates, whil, for rural credit cooperatives, the lending rate coould be 50%
higher than nominal interest rates. | | c) ¢ÚAs of September 1999, the lending rate
for medium- and small-sized entrprises could be 30% higher than nominal
interest rates; for large-sized | | entrprises, the lending rate
could be as much as 10% higher than nominal interest rates. For all financial
institutions,the lending rate could be 10% | | lower than nominal interest
rates. |
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