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CHINA:  1 and 5-year Loan Prime Cuts More than Expected.

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • China cut the 1-year LPR rate to 3.10% for October down from 3.35% in September.
  • China cut the 5-year LPR rate to 3.60% for October down from 3.85% for September.
  • The LPR is viewed as the benchmark for lending in China and is a quote-based system where qualified banks submit to the Central Bank rates offered. 
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  • China cut the 1-year LPR rate to 3.10% for October down from 3.35% in September.
  • China cut the 5-year LPR rate to 3.60% for October down from 3.85% for September.
  • The LPR is viewed as the benchmark for lending in China and is a quote-based system where qualified banks submit to the Central Bank rates offered.