CXSE - PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery
2024-07-22 01:40:40 ET
In an unexpected move, the People’s Bank of China (PBOC) cut its one-year and five-year loan prime rates to record lows of 3.35% and 3.85%, respectively, during July's fixing to bolster the fragile economic recovery. ...
PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery