The People's Bank of China has cut the one-year and five-year loan market quote interest rates (LPR) by 10 basis points to 3.35% and 3.85%, respectively. In addition, to strengthen expectation management and better connect LPR release time with financial market operation time, the LPR release time will be adjusted from 9:15 am on the 20th of each month (postponed in case of holidays) to 9:00 am from July 22, 2024.
7月LPR报价出炉：1年期和5年期利率均下调10个基点
The July LPR quotes are out: the 1-year and 5-year interest rates have both been lowered by 10 basis points.
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