EVENT INFORMATION

17
Augustus
2019

Loan Prime Rate reform is announced

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📅 17 Augustus 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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Personen in deze gebeurtenis

Yi Gang

borrowers

Organisaties in dit Evenement

People’s Bank of China

National Interbank Funding Center