PBOC CUTS 10 BPS TO THE 1-YEAR AND 5-YEAR LOAN PRIME RATE
Inanunsyo ng People's Bank of China (PBoC) noong Lunes na pinutol nito ang isang taong Loan Prime Rate (LPR) ng 10 basis points (bps) mula 3.45% hanggang 3.35% at pinutol ang limang taong LPR mula 3.95% hanggang 3.85% .
Higit pa rito, inihayag ng PBoC na bawasan ang rate ng interes nito para sa 7-araw na reverse report sa 1.7% mula sa 1.8%. Magiging epektibo kaagad ang pagbabawas ng rate sa Lunes. Bukod pa rito, pinagaan din ng Chinese central bank ang mga kinakailangan sa medium-term lending facility (MLF).
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