China 1 year and 5 year prime loan rates both cut

People's Bank of China cut each by 5 bps

• one year LPR cut to 4.15% from 4.20%
• 5 year cut to 4.80% from 4.85%

I posted earlier on what to expect for this, that is, a rate cut.

• Coming up at 0130GMT - China's Loan Prime Rate setting for the month