China's swap rate has climbed to a three-month high, reflecting a worsening cash crunch as the central bank refrains from easing lenders' reserve requirements.
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. |