The People’s Bank of China has cut one- and five-year loan primce rates.
The one-year rate has been cut to 3.35%
prior 3.45%
The five-year rate has been cut to 3.85%
prior 3.95%
Earlier:
PBoC announces cut to 7-day reverse repo rate to 1.70% from 1.80%PBOC to lower collateral for Medium-term Lending Facility (MLF) loans
This article was written by Eamonn Sheridan at www.forexlive.com.