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How China
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Lower Deposit Rates Not Linked to LPR Decision - Herald
WebApr 11, 2024 · CHINA PRESS Several rural banks in China have lowered deposit rates to improve net interest margins (NIM), according to the 21st Century Herald. Acting under self-regulation mechanisms, the banks adjusted rates after higher deposit costs and lower loan rates squeezed margins. WebMay 20, 2024 · China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points to 4.45%, the biggest reduction since China revamped the mechanism in 2024. The one-year LPR was... WebDec 20, 2024 · Headquarters of the People's Bank of China in Beijing. /CFP. China on Monday cut the one-year loan prime rate (LPR), a market-based benchmark lending rate, by 5 basis points (bps) to 3.8 percent. The last cut happened in April 2024 at the height of the COVID-19 pandemic in the country. According to the National Interbank Funding Center, … sims 4 innocent cc