China is widely expected to cut the one-year loan prime rate on Wednesday, according to a survey of traders and analysts. All 64 respondents in the snap survey expected a cut in the new benchmark interest rate. Thirty-seven respondents also expected another cut in the five-year. About 45% of all respondents predicted a 5-basis-point cut in both one-year and five-year LPRs, according to Reuters. The one-year loan prime rate currently stands at 4.20% per annum. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Report: Majority Chinese companies falsely claim of using blockchain technology FX Street 3 years China is widely expected to cut the one-year loan prime rate on Wednesday, according to a survey of traders and analysts. All 64 respondents in the snap survey expected a cut in the new benchmark interest rate. Thirty-seven respondents also expected another cut in the five-year. About 45% of all respondents predicted a 5-basis-point cut in both one-year and five-year LPRs, according to Reuters. The one-year loan prime rate currently stands at 4.20% per annum. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
