China cuts benchmark 5-year lending rate for the first time since June

China's central bank cut its benchmark five-year loan prime rate for the first time since June, extending Beijing's efforts to revive the country's anemic property market. The Chinese central bank kept its one-year loan prime rate — the peg for most household and corporate loans in China —…#beijing #peoplebankofchina #tandem

Source: Reuters: Health - February 20, 2024 Category: Consumer Health News Source Type: news