• China lowers benchmark lending rates for first time since October

    Source: Buzz FX / 19 May 2025 22:16:33   America/New_York


    The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.0% from 3.1% previously, while the five-year LPR was reduced by the same margin to 3.5% from 3.6%.
    Most new and outstanding loans in China are based on the one-year LPR,
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