Category: LPR

China Cuts Lending Benchmarks to Revive Faltering Economy

August 23, 2022
Business & MarketsCCP VirusChinaChina Business & Economyeconomic policiesLPRPBoCSpecial Topics
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SHANGHAI—China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of COVID-19 cases. The People’s Bank of China (PBOC) is walking a tight rope in its…

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China Cuts Borrowing Rate More Than Expected Amid Economic Slowdown

May 20, 2022
Business & EconomyChinaChina Business & Economyeconomic policieseconomyLPRproperty
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SHANGHAI—China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year. The country’s economy took a hit after the Chinese regime imposed extreme COVID-19 restrictions, causing huge disruptions to activity. China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points…

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China Cuts Key Rates to Boost Slowing Economy

January 20, 2022
Business & EconomyChinaChina Business & Economyeconomic policiesLPR
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China lowered mortgage lending benchmark rates on Jan. 20, after data earlier in the week pointed to a darkening outlook for the country’s troubled property sector. The cut to the one-year and five-year loan prime rates (LPR) followed surprise cuts by China’s central bank on Monday to its short- and medium-term lending rates for the…

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