EVENT INFORMATION

17
August
2019

Loan Prime Rate reform is announced

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📅 17 August 2019 📍 China

The PBOC announced a revised LPR quotation mechanism to improve the transmission of market-based rates into bank lending. The change aimed to lower financing costs and reduce implicit rate administration, though state-directed credit priorities remained influential.

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People in this event

Yi Gang

borrowers

Organizations in this Event

People’s Bank of China

National Interbank Funding Center