China lowers 1-yr loan prime rate

By Xinhua News Agency

Dec 22, 2021 12:09 am

BEIJING: China has lowered its one-year loan prime rate (LPR) for the first time in 20 months, a step for the country to further bolster the real economy.

The one-year LPR, a market-based benchmark lending rate, came in at 3.8 percent in December, down from 3.85 percent a month earlier, said the National Interbank Funding Center (NIFC).

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