PBOC slashes one-year and five-year loan prime rates to 3.7% and 4.6% respectively

The People’s Bank of China (PBOC) is out with the latest statement, announcing that it has cut the one-year loan prime rate (LPR) to 3.70% at its January fixing.

 

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China PBoC Interest Rate Decision: 3.7% vs previous 3.8%

China PBoC Interest Rate Decision: 3.7% vs previous 3.8%
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PBOC sets USD/CNY reference rate at 6.3485

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.3485 on Thursday when compared to the previous fix and the previous close at 6.3
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