China's central bank reduced the one-year loan prime rate by a smaller-than-expected margin and retained the five-year rate despite financial troubles among property developers.The People's Bank of China lowered its one-year loan prime rate, or LPR, by 10 basis points to 3.45 percent. However, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 4.20 percent. The central bank...
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.