China#39;s central bank cuts key benchmark loan rate to support economy
The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent.
The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent. Moneycontrol Latest News Read More
The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People#39;s Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, remained at 4.2 percent.









