China's central bank lowers one-year and five-year LPR by 10, 5 basis points, respectively
Published: Jan 20, 2022 09:23 AM
China's central bank decides to cut one-year and five-year LPR (Loan Prime Rate) by 10 and 5 basis points, respectively.

The benchmark LPR reductions by China's central bank Thursday, are expected to stimulate corporate investment and social consumption, two major levers of economy, as China is facing the headwind of a seriouis economic slowdown now.