The People’s Bank of China (PBoC) cut lending rates for a second consecutive week on Monday as it struggles to shore up economic growth amid COVID lockdowns and a brewing real estate and energy crisis. The bank trimmed its one-year benchmark Loan Prime Rate (LPR) to 3.65% from 3.7%, while its...
https://www.hellenicshippingnews.com/china-cuts-lending-rates-again-yuan-sinks-to-near-2-year-low/