Business PBoC cuts 1-year and 5-year Loan Prime Rates by 10 bps By Romeo Peter July 22, 2024July 22, 2024 0 minutes, 9 seconds Read 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%…Read More.
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