China's Enterprise Loan Rate Holds at 3.0% in May, Down 25 Basis Points Year-on-Year

According to Jin10 Data, China's enterprise loan rate remained at a low level of 3.0% in May, down 25 basis points year-on-year. Since the second half of 2018, the central bank has cut the reserve requirement ratio 18 times and reduced the policy rate a cumulative 115 basis points across 10 adjustments, supporting continued transmission of monetary policy through the banking system and financial markets.
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