China cuts 1-yr LPR moderately, keeps 5 yr LPR unchanged

<p>In a somewhat anticipated move, China’s PBoC made a cut to its one-year loan prime rate by 10bps, settling it at 3.45%. This is a slight deviation from the 15bps reduction that the majority of economists had forecasted. What stands out is that this marks the second reduction in this rate in just a span […]</p>
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