{"id":140096,"date":"2025-05-20T09:10:35","date_gmt":"2025-05-20T06:10:35","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/china-cuts-key-lending-rates-to-record-lows-to-counter-the-impact-of-us-tariffs\/"},"modified":"2025-05-20T09:10:35","modified_gmt":"2025-05-20T06:10:35","slug":"china-cuts-key-lending-rates-to-record-lows-to-counter-the-impact-of-us-tariffs","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/china-cuts-key-lending-rates-to-record-lows-to-counter-the-impact-of-us-tariffs\/","title":{"rendered":"China cuts key lending rates to record lows to counter the impact of US tariffs"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/140096\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nChina\u2019s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the United States. The move follows a sweeping stimulus package announced earlier this month. The People\u2019s Bank of China (PBOC) has lowered its benchmark lending rates for the first time in seven months as part of ongoing efforts to mitigate the impact of US tariffs on its economy.<\/p>\n<p>The central bank cut the 1-year and 5-year loan prime rates (LPR) by 10 basis points to 3.0% and 3.5%, respectively, both record lows. These are key lending benchmarks based on monthly submissions from 20 major Chinese commercial banks. The 1-year LPR is a reference for corporate and household loans, while the 5-year LPR is typically used as the benchmark for mortgage rates.<\/p>\n<p>Today\u2019s rate reduction had been widely anticipated as part of the broader stimulus package unveiled earlier in the month. Just ahead of trade talks between Beijing and Washington in Switzerland, the PBOC also lowered the seven-day reverse repurchase rate by 10 basis points and cut the reserve requirement ratio (RRR), the amount of capital banks must hold in reserve, by 50 basis points.<\/p>\n<p>China\u2019s benchmark stock index, the Hang Seng Index, surged at the market open in Hong Kong, gaining 1.3% by 5:30 CEST. Meanwhile, the Chinese offshore yuan weakened slightly against the US dollar. However, analysts expect the rate cuts would have a minor impact on its stock markets as more easing measures are needed to bolter\u2019s confidence. &#8221;At the margin, the rate cuts may provide a minor tailwind for stocks, but it was widely expected and it\u2019s obvious that credit access is not the thing holding borrowers back right now. Confidence remains weak, and the government needs to do more to improve that via the fiscal channel,&#8221; David Scutt, APAC market analyst at StoneX, Australia, said.<\/p>\n<p>China\u2019s economy grew by 5.4% in the first quarter of the year, exceeding expectations. However, trade uncertainties threaten to derail its 5% annual growth target. Recent economic indicators paint a mixed picture of the world\u2019s second-largest economy.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/05\/20\/china-cuts-key-lending-rates-to-record-lows-to-counter-the-impact-of-us-tariffs\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/05\/20\/china-cuts-key-lending-rates-to-record-lows-to-counter-the-impact-of-us-tariffs\">Euronews Business<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vau-viikkokatsaus\/china-cuts-key-lending-rates-to-record-lows-to-counter-the-impact-of-us-tariffs\/\">China cuts key lending rates to record lows to counter the impact of US tariffs<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[758,18218,606,607,608],"class_list":["post-140096","post","type-post","status-publish","format-standard","hentry","category-news","tag-china","tag-us-tariffs","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/140096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=140096"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/140096\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=140096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=140096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=140096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}