Wednesday , 6 November 2024
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Forex

PBoC cuts 1-year and 5-year Loan Prime Rates by 25 bps, bigger-than-expected

The People’s Bank of China (PBoC) announced on Monday that it cut the one-year Loan Prime Rate (LPR) by 25 basis points (bps) from 3.35% to 3.10% and cut the five-year LPR from 3.85% to 3.60%.

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