Dow Jones Newswires: China’s central bank cuts loan prime rate for first time in 20 months

The one-year LPR was lowered to 3.80% from 3.85% and the five-year LPR remained at 4.65%, the People’s Bank of China said Monday.

The one-year LPR was lowered to 3.80% from 3.85% and the five-year LPR remained at 4.65%, the People’s Bank of China said Monday.