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Asymmetric reduction of LPR: 5 basis points for 1-year period and 15 basis points for 5-year period

The interest rate was reduced, and the loan market quotation rate (LPR) was lowered in August< Br > < div class = "height" > < / div > the national interbank borrowing center authorized by the people’s Bank of China announced that on August 22, 2022, the quoted interest rate (LPR) of the loan market was: 1-year LPR was 3.65%, down 5 basis points, and 5-year LPR was 4.3%, down.. Read More

The monetary policy has made efforts to stabilize growth, and LPR may be reduced asymmetrically today

In the past week, the Symposium on the economic situation of major economic provinces and the executive meeting of the State Council have been held one after another, both of which have emphasized increasing macro policy support to keep the economic operation within a reasonable range. The people’s Bank of China has also resorted to measures to stabilize growth through “interest rate reduction” that exceeded market expectations. Next, the new.. Read More