International Economic

PBOC cuts benchmark lending rates as expected

By Michele Maatouk

Date: Monday 21 Oct 2024

(Sharecast News) - The People's Bank of China said on Monday that it was cutting its two benchmark lending rates by 25 basis points.
The one-year and five-year loan prime rates were reduced from 3.35% and 3.85% to 3.10% and 3.6%, respectively, in line with market expectations.

Danske Bank said:...

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