{"id":30029,"date":"2021-12-20T01:31:50","date_gmt":"2021-12-20T01:31:50","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=30029"},"modified":"2021-12-20T01:31:50","modified_gmt":"2021-12-20T01:31:50","slug":"china-cuts-benchmark-loan-rate-for-first-time-in-almost-2-years-amid-mounting-economic-pressures","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=30029","title":{"rendered":"China cuts benchmark loan rate for first time in almost 2 years amid mounting economic pressures"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostChina cut its benchmark lending rate for the first time in almost two years on Monday amid mounting economic pressures.The one-year loan prime rate (LPR) \u2013 on which most new and outstanding loans are based \u2013 was cut from 3.85 per cent to 3.8 per cent at the December fixing, while the five-year LPR \u2013 which is a reference for mortgages \u2013 remained at 4.65 per cent, according to the People\u2019s Bank of China (PBOC).The LPR has been considered China\u2019s de facto benchmark funding cost since 2019. The\u2026<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3160350\/china-cuts-benchmark-loan-rate-first-time-almost-2-years-amid?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostChina cut its benchmark lending rate for the first time in almost two years on Monday amid mounting economic pressures.The one-year loan prime rate&hellip; <\/p>\n","protected":false},"author":0,"featured_media":30030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/30029"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30029"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/30029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/30030"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30029"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}