German translation: Richtzinssatz/Leitzinssatz für einjährige Darlehen
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
benchmark one-year lending rate
Richtzinssatz/Leitzinssatz für einjährige Darlehen
English to German translations [PRO] Bus/Financial - Finance (general)
English term or phrase:benchmark one-year lending rate
In September the People’s Bank of China raised both the ***benchmark one-year lending rate*** and deposit rates by 27 basis points and raised the bank’s required reserves after reports in August showed inflation had spiked to a 10-year high.