Analysis: China’s Shifting Approach to Monetary Policy Regulation
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Following China’s cut of a key short-term policy rate cut, a central bank-backed body announced that both the national one-year and five-year-plus loan prime rates, have been lowered by 10 basis points. Photo: AI generated
China’s central bank announced several policy operations Monday, including cutting the seven-day reverse repurchase rate, a key short-term policy rate, by 10 basis points.
Following the rate cut, a central bank-backed body announced that both the national one-year and five-year-plus loan prime rates (LPRs), market-based benchmarks, have been lowered by 10 basis points.
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