{"id":124187,"date":"2021-12-20T03:08:47","date_gmt":"2021-12-20T03:08:47","guid":{"rendered":"https:\/\/fin2me.com\/?p=124187"},"modified":"2021-12-20T03:08:47","modified_gmt":"2021-12-20T03:08:47","slug":"chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/","title":{"rendered":"China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic"},"content":{"rendered":"<ul>\n<li>The People&#x27;s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%.<\/li>\n<li>The five-year loan prime rate remained unchanged from the prior month at 4.65%.<\/li>\n<li>The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information.<\/li>\n<\/ul>\n<p>BEIJING \u2014 China&#x27;s central bank cut a benchmark lending rate on Monday for the first time since April 2020, during the height of the coronavirus pandemic in the country.<\/p>\n<p>The People&#x27;s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%. The five-year loan prime rate remained unchanged from the prior month at 4.65%.<\/p>\n<p>The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information.<\/p>\n<p>The LPR affects lending rates for corporate and household loans. Last week, the central bank&#x27;s cut to the amount of cash banks need to have on reserve took effect, marking the second such move this year.<\/p>\n<p>China was the first major economy to shake off the bulk of the pandemic&#x27;s shock. But this year, especially since July, growth has been dragged down by muted consumer spending, Beijing&#x27;s zero-tolerance policy for controlling subsequent outbreaks and tighter regulations, particularly on the real estate sector.<\/p>\n<p>At the Chinese government&#x27;s annual Central Economic Work Conference earlier this month, the country&#x27;s top leaders emphasized that stability would be a greater focus next year.<\/p>\n<p>The meeting concluded that &quot;prudent monetary policies should be flexible and appropriate, and liquidity should be maintained at a reasonable and ample level,&quot; according to state media.<\/p>\n<h2>Read more about China from CNBC Pro<\/h2>\n<p>Baird downgrades Starbucks, says China among growing list of risks along with omicron, rising costs<\/p>\n<p>Analysts say it&#x27;s time to buy these 10 beaten-down Chinese stocks<\/p>\n<p>JPMorgan says China&#x27;s economy will be more resilient in 2022 and picks stocks that could benefit<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/12\/20\/chinas-central-bank-cuts-1-year-loan-prime-rate.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The People&#x27;s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%. The five-year loan prime rate remained unchanged from the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":124186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The People&#x27;s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%. The five-year loan prime rate remained unchanged from the [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-20T03:08:47+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/12\/Chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/\",\"url\":\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/\",\"name\":\"China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-12-20T03:08:47+00:00\",\"dateModified\":\"2021-12-20T03:08:47+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/chinas-central-bank-cuts-a-benchmark-rate-for-the-first-time-since-the-pandemic\/","og_locale":"en_US","og_type":"article","og_title":"China&#x27;s central bank cuts a benchmark rate for the first time since the pandemic - Fin2me","og_description":"The People&#x27;s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%. 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