LPR – Charm – Daily News

China cuts key lending rates to support growth

Cs news2 months ago04 mins

By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10%…

China expected to trim main policy rate and lending benchmarks: Reuters poll

Cs news3 months ago03 mins

SHANGHAI (Reuters) – China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve’s outsized interest rate cut removed some of the risks around sharp yuan declines. Monetary policy divergence and a weakening Chinese yuan have been the key constraints limiting Beijing’s efforts…