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単語数: 171語

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作成日: 2024/10/22 07:00

更新日: 2025/12/08 09:39

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China&#039;s central bank cut interest rates for corporate and housing loans on Monday to shore up the economy amid a prolonged slump in the real estate market.
                
The People&#039;s Bank of China trimmed the 1-year loan prime rate, or LPR, by a quarter of a percentage point to 3.1 percent. It serves as a benchmark for commercial lenders when offering loans to businesses.
                
The bank also cut the 5-year LPR by the same margin to 3.6 percent. That&#039;s a key rate for mortgage loans. Both rates were previously reduced in July.
                
The central bank already pared the 7-day reverse repo rate for short-term funding to commercial lenders late last month. The bank has set this as its new main policy rate.
                
China announced on Friday that the world&#039;s second-largest economy grew by 4.6 percent in the July-to-September period from a year earlier in inflation-adjusted terms.
                
The pace of expansion was slightly slower than the previous quarter and it fell short of the government&#039;s target of around 5 percent for this year.

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