China set to take ‘key step’ to boosting credit demand with rate cuts expected amid coronavirus, property slumps

Source: China – South China Morning PostChina’s one-year loan prime rate (LPR) is expected to be cut by 10 basis points from 3.7 to 3.6 per cent on Monday, while the mortgage reference rate could be cut by as much as 15 points from its current level of 4.45 per cent.Read More

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