China trims new benchmark rate amid inflation dilemma

The People’s Bank of China
The People's Bank of China

China’s central bank lowered its benchmark rate today (November 20), after cutting short-term lending rates for the first time in four years on November 18.

Today, the People’s Bank of China trimmed the one-year loan prime rate (LPR), its new benchmark rate, to 4.15%, down five basis points compared with a month ago. The cut is the second to the key policy rate, after PBoC governor Yi Gang said Beijing would step up credit support to boost the slowing economy.

The two easing moves suggest that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account