US EditionChina cuts benchmark lending rates for the first time in 7 months in Beijing's growth push
- On May 20, 2025, China’s central bank cut its one-year and five-year loan prime rates in Beijing to stimulate the economy under trade war pressures.
- The rate reductions were implemented in response to weaker retail sales, declining factory production, and falling property investment, all amid the ongoing trade conflict initiated by the United States under President Donald Trump.
- The one-year rate fell from 3.1% to 3.0%, and the five-year rate, which benchmarks mortgages, dropped from 3.6% to 3.5%, easing interest costs for firms and households.
- China economist Zichun Huang noted that while small rate reductions may lower borrowing costs, they are unlikely by themselves to significantly increase loan uptake or stimulate broader economic growth. However, she indicated that further cuts are expected throughout the year.
- The move revived investor confidence with Asian markets rallying and underscored Beijing’s battle against enduring internal economic challenges and external shocks from the trade war.
100 Articles
100 Articles
China cuts benchmark lending rates in bid to boost growth
The NewsChina cut its benchmark lending rates Tuesday for the first time since October, slashing both its one- and five-year loan prime rates to historic lows of 3.0% and 3.5% in a bid to boost growth amid the country’s trade war with the US.Beijing’s cuts follow its policy of cautious monetary easing, weeks after Chinese officials unveiled a previous raft of stimulus measures ahead of trade talks with Washington, which yielded a tentative 90-da…
China Reduces Rates to Historical Minima
China’s central bank cut two key interest rates to historic lows on Tuesday to try to boost the growth of the second world economy, lethargic since the covid-19 pandemic. The one-year preferential loan rate (the reference to the most advantageous rates lenders can offer to businesses and households) dropped from 3.1 percent to 3 percent. Likewise, the entity decreased from 3.6 percent to 3.5 percent the five-year preferential loan rate, which se…
Ottumwa Courier
World shares advance after China cuts interest rates to boost economy
Shares have gained in Asia and Europe after China cut key interest rates to help fend off an economic malaise worsened by trade friction with Washington. The Reserve Bank of Australia lowered its benchmark rate in the second such cut…
China's central bank cuts two key rates to historic lows
BEIJING, China – China’s central bank on Tuesday cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid seesaw trade tensions with the United States. Beijing and Washington have been locked in a bruising trade war but last week agreed to slash sweeping tariffs on each other’s goods for
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