PBoC cuts 1-year and 5-year Loan Prime Rates by 10 bps

The People’s Bank of China (PBoC) revealed on Monday that it cut the 1year Loan Prime Rate (LPR) by 10 basis points (bps) from 3.45% to 3.35% and cut the five-year LPR from 3.95% to 3.85%…
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