Economy News Today Live Updates on October 21, 2024: China cuts benchmark loan prime rates by 25 bps; one-year LPR stands at 3.10%, five-year at 3.60%

Economy News Today Live Updates on October 21, 2024: China cuts benchmark loan prime rates by 25 bps; one-year LPR stands at 3.10%, five-year at 3.60%

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21 Oct 2024, 08:44:23 AM IST

Economy News Today Live: China cuts benchmark loan prime rates by 25 bps; one-year LPR stands at 3.10%, five-year at 3.60%

  • China cut the one-year loan prime rate (LPR) by 25 basis points (bps) to 3.10% from 3.35%, while the five-year LPR was also reduced by 25 bps to 3.60% from 3.85% previously.

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