The country's central bank will offer lower borrowing costs to more businesses, households, and banks — a move expected to boost domestic spending.
China's central bank rolled out a new policy for its loan prime rate — the lowest lending rate reserved for its best borrowers — that will allow commercial lenders to use the rate when pricing loans. The move effectively allows more consumers, banks, and businesses to use the country's lowest interest rate and, in turn, boost domestic spending.
China's central bank rolled out a new policy for its loan prime rate — the lowest lending rate reserved for its best borrowers — that will allow commercial lenders to use the rate when pricing loans. The move effectively allows more consumers, banks, and businesses to use the country's lowest interest rate and, in turn, boost domestic spending.
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