China, lending rates
China cuts key lending rates to support growth
China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy.
China's central bank cuts two key rates to boost economy
China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy. The country's top banks on Friday cut interest rates on yuan deposits for the second time this year in another potential boost to spending.
China Cuts Benchmark Lending Rates
China’s commercial lenders cut their benchmark lending rates in a highly anticipated move as policymakers intensify efforts to boost the ailing economy.
China lowers benchmark lending rates by 25 basis points
The move was not unexpected. China's central bank governor indicated last week that the loan market benchmark rate would be lowered by 20 to 25 basis points.
China cuts key lending rates to revive flagging economy
After announcing a range of stimulus last month, including lowering the reserve requirement ratio by 0.5 percentage points. and the seven-day reverse repurchase rate lowered to 1.5% from 1.7%, the PBOC has lowered its one-year LPR and five-year LPR to boost the sluggish economy.
China cuts benchmark loan prime rates by 25 bps
China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of
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