The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
The Central bank of China has unveiled a plan to improve and reform the country’s loan prime rate mechanism in its latest efforts to cut financing costs for the real economy.
Starting from Tuesday, August 20th, the National Inter bank Funding Center will disclose the new LPR on the 20th day of each month.
The number of quotation banks will now expand from 10 to 18, including not only national banks, but also urban and rural commercial banks, foreign-invested banks and private banks, to make the quotation banks more representative regarding the LPR.
The plan came after an executive meeting of the State Council decided on Friday to take market-oriented reform measures to reduce real interest rates and ease financing difficulties.
Related posts:
Ghana Central Bank cuts key rate, hints at lower CPI target
Fresh $5.8bn loan: SERAP writes Buhari, seeks ‘moratorium’ on borrowing
Edun unveils fiscal measures to reduce borrowing, push up revenue
Central Bank keeps interest rate unchanged at 14%
Central Bank may not support interest rate cut – Emefiele
Tanzania’s central bank slashes interest rate to 9 pct
Central Bank of Nigeria raises interest rate from 13% to 14%
World Bank grants $100m loan to Central America to improve water supplies
