(ANSA) - BEIJING, DECEMBER 20 - The Central Bank of China (PBOC) has cut the Loan prime rate (Lpr) for the first time in 20 months, among the preferential rates offered by commercial banks to the best customers and a reference for the rates applied to others Loans: the one-year LPR, a note reads, goes from 3.85% to 3.80%, while the 5-year LPR remains unchanged at 4.65%.
The measure, in a more uncertain scenario for the Chinese economy, aims to increase the liquidity of the banking system for corporate financing.
In particular, the lockdowns associated with the various outbreaks of Covid-19 and the crisis in the real estate sector, starting with Evergrande, weigh heavily.
(HANDLE).
