traded little changed on Tuesday as China's first cut in benchmark lending rates in 10 months failed to lift the mood in traditional markets.
The People's Bank of China (PBOC) lowered the one-year and five-year loan prime rates by 10 basis points (bps) to 3.55% and 4.3%, respectively. The one-year rate is a medium-term lending facility for corporate and household loans and…
This story from coindesk.com was posted on 2023-06-20 by @seabree.