China cuts one-year policy loan rate to record low, signaling renewed push to revive growth
China's People's Bank has cut its one-year policy loan rate to a record low of 3.0% in an effort to stimulate economic growth. This marks the first reduction in seven months, reflecting ongoing economic challenges such as weak industrial output and retail sales. The five-year loan prime rate has also decreased, impacting the housing market as part of Beijing's strategy to stabilize it.
- ▪The one-year Loan Prime Rate was lowered from 3.1% to 3.0% on May 20, 2026.
- ▪This is the first rate cut since October 2024, after a prolonged period of steady rates.
- ▪The five-year LPR also dropped to 3.5%, which is significant for the housing market.
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China cuts one-year policy loan rate to record low, signaling renewed push to revive growth The People's Bank of China slashed its benchmark lending rate for the first time in seven months, a move that could ripple through global risk assets including crypto. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The People’s Bank of China lowered its one-year Loan Prime Rate to 3.0% on…
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