China reduces the main lending rates to capture the lowlands in order to repel the effects of US tariffs
For the first time in seven months, the Chinese People’s Bank (PBOC) reduced its comparative lending rates to relieve the impact of US tariffs on its economy. The central bank has reduced one and 5 years of loan interest rates (LPR) by 10 bases to 3.0% and 3.5%, both record lowest. These are the main … Read more