PBOC to strengthen monetary policy fine-tuning

    China's central bank said Sunday it will strengthen the fine-tuning of its monetary policy in the second half of this year.

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    Timeline

    2012

    July 6

    One-year deposit rate was lowered by 0.25 of a percentage point, and one-year lending rate was cut by 0.31 of a percentage point.

     

    June 8

    One-year deposit and lending rates were lowered by 0.25 of a percentage point.

     

    2011

    July 7

    One-year deposit and lending rates were raised by 0.25 of a percentage point.

     

    June 20

    The reserve requirement ratio was increased by half of a percentage point.

     

    May 18

    The reserve requirement ratio was increased by half of a percentage point.

     

    April 6

    One-year deposit and lending rates were raised by 0.25 of a percentage point.

     

    March 25

    The reserve requirement ratio was increased by half of a percentage point.

     

    February 24

    The reserve requirement ratio was increased by half of a percentage point.

     

    February 9

    One-year deposit and lending rates were raised by 0.25 of a percentage point.

     

    January 20

    The reserve requirement ratio was increased by half of a percentage point.

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