PBoC cuts loan prime rates
The one-year loan prime rate (LPR) was cut from 3.35% to 3.1%, while the five-year LPR was lowered from 3.85% to 3.6%, the People’s Bank of China (PBoC) said in a statement. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
Oil and natural gas prices initiated a rebound after the PBoC’s Loan Prime Rate cuts, but the overall trend remains bearish.
The People's bank of China has officially announced a reduction in its policy interest rate by 25 basis points, bringing it down to 3.1 percent. This decision, made public on Monday, comes as market ...
Investing.com - The U.S. dollar edged higher Friday, but remained under pressure after the Federal Reserve’s large interest rate cut, while sterling rose strongly after healthy UK retail sales ...
West Texas Intermediate (WTI), futures on NYMEX, bounces back to near $70.00 in Monday’s European session. The Oil price recovers strongly after a big boost from the People’s Bank of China’s (PBoC) ...
Hang Seng Index falls as tech stocks drag, while mainland China equities rise on PBoC rate cuts, boosting property stocks.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback