PBOC Cut Policy Rate to 3.85%, More Easing on the Way

<p>PBOC cut the 1-year loan prime rate (LPR), by -20 bps, to 3.85% today. The move has been widely anticipated as the central bank lowered the 1-year MLF rate by the same size last week. LPR is the best lending rate offered by commercial banks, while the MLF rate is the interest rates offer by […]</p>
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