SHANGHAI (Reuters) - China cut its one-year benchmark lending rate on Monday, as expected, as authorities seek to ramp up efforts to stimulate credit ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSHANGHAI - China cut its one-year benchmark lending rate on Monday, as expected, as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged.
The reduction in the one-year LPR came after the People's Bank of China unexpectedly lowered its medium-term policy rate last week. But the steady five-year tenor caught many traders and analysts off the guard, with some expecting the troubled property sector and rising default risks at some developers would have led to deeper cuts to the benchmarks.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Taiwan details China drills, VP says election not China's to callBy Ben Blanchard TAIPEI (Reuters) -Taiwan's election next year is a choice between democracy and autocracy, Vice President William Lai said in comments ...
Lire la suite »
China launches drills around Taiwan in angry response to VP's US tripBy Casey Hall and Ben Blanchard SHANGHAI/TAIPEI (Reuters) -China's military began drills around Taiwan on Saturday, saying it was a
Lire la suite »
Japan PM Kishida to meet with fishermen's group on Monday afternoonTOKYO (Reuters) - Japanese Prime Minister Fumio Kishida is set to meet with the head of a fishermen's group on Monday afternoon, a day after he visited ...
Lire la suite »
Japan PM Kishida to meet with fishermen's group on Monday afternoonTOKYO (Reuters) - Japanese Prime Minister Fumio Kishida is set to meet with the head of a fishermen's group on Monday afternoon, a day after he visited ...
Lire la suite »
China cuts 1-year lending benchmark but keeps 5-year unchangedChina cut its one-year benchmark lending rate on Monday, as expected, as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.45% from 3.55% previously, while the five-year LPR was left at 4.20%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
Lire la suite »
California regulator probes crashes involving GM's Cruise robotaxisSAN FRANCISCO (Reuters) -California's autos regulator said on Friday it is investigating
Lire la suite »