Chine Taux d'intérêt

The People's Bank of China (PBoC) cut key lending rates to new lows at the May fixing, in line with market expectations and marking the first reduction since last October. The move follows Beijing’s sweeping monetary easing measures announced earlier this month, including interest rate cuts and a major liquidity injection, to bolster the sluggish economy and cushion potential fallout from the ongoing trade tensions with the U.S. The one-year loan prime rate (LPR), the benchmark for most corporate and household loans, was reduced by 10 basis points to 3.0%, and the five-year LPR, which guides mortgage rates, was cut by the same margin to 3.5%. Meanwhile, several of China’s largest state-owned banks also cut deposit interest rates, aiming to ease pressure from narrowing interest margins as the government steps up monetary easing efforts to boost economic activity.