China cuts 1 and 5 year rates by 25bp each, as expected

People's Bank of China sets Loan Prime Rates (LPR), a rate cut as expected 1 year to 3.10%from 3.35%5 year to 3.6%from 3.85%----Preview of this was here:Heads up for a rate cut from China expected on Monday, October 21, 2024 This article was written by Eamonn Sheridan at www.forexlive.com.

Oct 21, 2024 - 06:55
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China cuts 1 and 5 year rates by 25bp each, as expected

People's Bank of China sets Loan Prime Rates (LPR), a rate cut as expected

1 year to 3.10%

  • from 3.35%

5 year to 3.6%

  • from 3.85%

----

Preview of this was here:

This article was written by Eamonn Sheridan at www.forexlive.com.
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