{"id":58715,"date":"2022-01-20T13:31:00","date_gmt":"2022-01-20T09:31:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=58715"},"modified":"2022-01-20T13:05:40","modified_gmt":"2022-01-20T09:05:40","slug":"china-cuts-key-interest-rate-on-loans-to-support-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/china-cuts-key-interest-rate-on-loans-to-support-economy\/01\/20\/market-updates\/","title":{"rendered":"China Cuts Key Interest Rate on Loans to Support Economy"},"content":{"rendered":"\n<p>China on Thursday lowered its benchmark loan rate, the benchmark market-based lending rate, in line with market expectations, as authorities ramped up monetary support to inject impetus into economic growth.<\/p>\n\n\n\n<p>The one-year loan prime rate (LPR) was lowered to 3.7%, down from 3.8% the previous month, according to the Interbank National Finance Center.<\/p>\n\n\n\n<p>Meanwhile, the base interest rate on loans over five years, which many lenders rely on to set their mortgage rates, was lowered by 5 basis points to 4.6%.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China on Thursday lowered its benchmark loan rate, the benchmark market-based lending rate, in line with market expectations, as authorities ramped up monetary support to inject impetus into economic growth. The one-year loan prime rate (LPR) was lowered to 3.7%, down from 3.8% the previous month, according to the Interbank National Finance Center. Meanwhile, the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6832,7146,7903,6997],"class_list":["post-58715","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-china","tag-debt","tag-economic-growth","tag-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=58715"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58715\/revisions"}],"predecessor-version":[{"id":58716,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58715\/revisions\/58716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31484"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=58715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=58715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=58715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}