China cuts benchmark lending rates for the first time in 7 months in Beijing's growth push
- Posted on May 20, 2025
- By CNBC
- 2 Views
China cuts benchmark lending rates for the first time in 7 months in Beijing's growth push
The People's Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.
