As the World Tightens, China’s Central Bank Eases
Posted on 01/20/2022
The People’s Bank of China (PBOC) reduced the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. China is worried about an economic slowdown. The rate cuts continue the PBOC’s efforts to push down borrowing costs. In December 2021, the PBOC cut the one-year loan prime rate for the first time since […]
