The People’s Bank of China cut its five-year prime rate (LPR) by 15 basis points to 4.45%, the second cut this year and the largest on record. Most analysts expected a decline of five basis points. The Chinese LPR is the rate at which commercial banks lend to their best customers. It is used as …
China lowers key interest rate as home sales slump Read More »
The People’s Bank of China cut its five-year prime rate (LPR) by 15 basis points to 4.45%, the second cut this year and the largest on record. Most analysts expected a decline of five basis points. The Chinese LPR is the rate at which commercial banks lend to their best customers. It is used as …
China lowers key interest rate as home sales slump Read More »
Retailers who continually raise prices and fail to understand that consumers are being strained by inflation will lose market share, St. Louis Fed President James Bullard said Friday. “A lot of CEOs have come on TV and said ‘oh, I have a lot of pricing power and I can do whatever I want and make …
