The one-year and five-year LPRs were both lowered by 10 basis points. | PANews

The one-year and five-year LPRs were both lowered by 10 basis points.

PANews reported on May 20 that the People's Bank of China lowered the one-year and five-year loan market benchmark rates (LPR) from 3.1% and 3.6% to 3% and 3.5%, respectively.

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