The People’s Bank of China has cut its key lending rates overnight, as analysts at Goldman Sachs become the latest to predict slower growth for the country.
The central bank lowered the one-year loan prime rate (LPR) by 10 basis points to 3.55%, while the five-year LPR was cut by the same margin to 4.2%. Marking the first such reductions in 10 months, concerns about the property market meant the easing was not as large as expected. Four graphs explaining...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
