China's central bank cuts two key rates to boost economy
- Posted on October 21, 2024
- By Business News Today
- 5 Views
China's central bank cuts two key rates to boost economy
The one-year Loan Prime Rate (LPR), which constitutes the benchmark for the most advantageous rates lenders can offer to businesses and households, was cut from 3.35 percent to 3.1. The five-year LPR, the benchmark for mortgage loans, was cut from 3.85 to 3.6.
