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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: loan prime rate

The 600-meter, 115-story Ping An Finance Center in Shenzhen, southern China. Photo: Xinhua
Posted inAT Finance, China

China cuts interest rates in virus battle

by Umesh Desai February 20, 2020February 21, 2020

China lowered the rate at which banks would lend money to borrowers on Thursday, a move some say indicates an accommodative monetary policy without signalling a flood of money in an economy looking to rein in debt. The one-year loan prime rate (LPR) was lowered to 4.05% from 4.15% and the five-year rate was cut […]

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