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The People's Bank of China cuts the most preferential loan interest rate to support the economy News Articles The People's Bank of China cuts the most preferential loan interest rate to support the economy [SHANGHAI 22nd Reuters] - The People's Bank of China (central bank) lowered the highest preferential lending rate (loan prime rate, LPR), which is an indicator of bank loan interest rates, on the 22nd. The monetary easing measures that continued last week will support the economy that has been hit by the real estate crisis and the re-spread of the novel coronavirus infection. The 1-year LPR was...
