Summary: China cut its key lending rates by 10 basis points to boost its economy. The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% and the 5-year LPR to 3.5%. This rate cut, along with reductions in deposit rates by state-backed commercial lenders, is part of a package of stimulus measures announced by Beijing earlier this month.

Link: https://www.cnbc.com/2025/05/20/china-cuts-benchmark-lending-rates-for-the-first-time-in-7-months.html