Source: China – South China Morning PostChina cut its benchmark lending rate for the second consecutive month on Thursday in the latest move to shore up the cooling economy, while also lowering a mortgage reference rate for the first time in nearly two years.The one-year loan prime rate (LPR) – on which most new and outstanding loans are based – was cut from 3.85 per cent to 3.7 per cent at the January fixing.The five-year LPR – which is a reference rate for mortgages – was also cut from 4.65 per cent to 4.6 per cent for the first…Read More