China cuts its benchmark lending rate 2nd time to reduce borrowing costs for companies
Edited By WION Video Desk
Published: Apr 20, 2020, 01:45 IST | Updated: Apr 20, 2020, 01:45 IST
China cut its benchmark lending rate for the second time in a year to reduce borrowing costs for companies. Now, the one-year loan prime rate has been reduced to 3.85% from 4.05%.
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