China lowers one year lending rate to 4.20% from 4.25%

Author: Eamonn Sheridan | Category: Central Banks

This the LPR 

  • Sets 1 year loan prime rate at 4.20% from 4.25% a month earlier
  • 5-year LPR set unchanged rate at 4.85%

As I said in the preview (link below), a stimulus step in China to make borrowing a little cheaper. A reduction was expected for both, market gets it for the 1 year but not the 5 year. 

Background here:

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