China's Loan Prime Rate

PHOTO: A man sits in front of the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China October 17, 2013. REUTERS/Kim Kyung-Hoon
Global Economy

China sets new lending reference rate slightly lower on first day

he new one-year Loan Prime Rate CNYLPR1Y=CFXS was set at 4.25% on Tuesday