Reported about 1 month ago
China has cut its benchmark lending rates, reducing the one-year loan prime rate (LPR) to 3.10% and the five-year LPR to 3.6% as part of measures to revive its economy. This follows previous reductions, including cuts to the reserve requirement ratio and other rates aimed at boosting consumption and supporting the struggling property sector. Despite recent increases in retail sales and industrial production, concerns remain over the adequacy of these policy supports in fostering sustainable growth.
Source: YAHOO