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China cuts 1 and 5 year loan prime rates by 10 basis points each

  • The PBOC earlier cut the 7-day repo rate and also loosened MLF collateral requirements
Eamonn Sheridan
22/07/2024 | 01:12 GMT

The People's Bank of China has cut one- and five-year loan primce rates.

The one-year rate has been cut to 3.35%

  • prior 3.45%

The five-year rate has been cut to 3.85%

  • prior 3.95%

Earlier:

  • PBoC announces cut to 7-day reverse repo rate to 1.70% from 1.80%
  • PBOC to lower collateral for Medium-term Lending Facility (MLF) loans
People's Bank of China

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