PBoC cuts 1-year and 5-year Loan Prime Rates by 10 bps
FXStreetThe People’s Bank of China (PBoC) announced on Monday that it cut the one-year Loan Prime Rate (LPR) by 10 basis points (bps) from 3.45% to 3.35% and cut the five-year LPR from 3.95% to 3.85%.