[Breaking] People's Bank of China Limits LPR Cut... 5-Year Loan Prime Rate at 3.95%

The People's Bank of China, the central bank of China, has made a limited cut to the loan prime rate (LPR), which is the de facto benchmark interest rate.

On the 20th, the People's Bank of China announced that it would keep the 1-year LPR unchanged at 3.45% and reduce the 5-year LPR from 4.20% to 3.95%.