Beijing: China's central bank on Monday said it had cut two key benchmark interest rates, as Beijing looks to boost sluggish spending in the world's second-largest economy.The one-year Loan Prime Rate (LPR), which constitutes the benchmark for the most advantageous rates lenders can offer to businesses and households, was cut from 3.35 percent to 3.1. The five-year LPR, the benchmark for mortgage loans, was cut from 3.85 to 3.6.
- News Source Indiatimes (Click to view full news): CLICK HERE
0 Comments:
Leave a Reply