Chinese central bank establishes "loan prime rate"

10/25/2013 | Market News International · Reuters · 4-Traders.com

The People's Bank of China has rolled out a "loan prime rate" as part of an effort to move toward a market-driven financial system. The one-year rate is 5.71%, a weighted average of interest rates offered by nine commercial lenders, the central bank says.

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Market News International · Reuters · 4-Traders.com

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