[Breaking News] China Lowers 1-Year Benchmark Interest Rate by 10bp to 4.05%
[Asia Economy Reporter Kwon Jaehee] On the 20th, China lowered the new 1-year benchmark interest rate (LPR·Loan Prime Rate) by 10 basis points (BP=0.01%) from the previous month to 4.05%. The 5-year rate was also reduced by 5 basis points from the previous month to 4.75%.
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