Forex
globalreutersOctober 21, 20241 Mins read
PBoC cuts 1-year and 5-year Loan Prime Rates by 25 bps, bigger-than-expected
globalreutersOctober 21, 20241 Mins read 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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