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China slashes benchmark lending rate to 4.05% amid COVID-19 impact

China slashes benchmark lending rate to 4.05% amid COVID-19 impact


Beijing / this benchmark lending rate as
the country grapples with the economic fallout of Kovan 19 the People’s Bank of
China lowered its one-year loan prime rate or LPR to 4.0 five percent of while
the five-year lpr fell by five basis points to four point seven five percent
meanwhile the Hong Kong government plans to inject around four billion u.s.
dollars into boosting its quarantine measures and lifting the economic burden
on local businesses

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