Press "Enter" to skip to content

China lowered reference rate for bank loans, soothing market nerves


The People's Bank of China lowered the new reference rate for bank loans, indicating that monetary conditions remain loose after weak economic data spooked investors.

The one-year Loan Prime Rate (LPR) - reference rate for bank loans was set at 4.2 per cent, down from 4.25 per cent in August, according to a statement from the central bank on Friday, in line with market expectations. The five-year LPR was kept unchanged at 4.85 per cent . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day


Free Trial + Christmas Offer!

Christmas Offer


We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In