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https://www.ft.com/content/566b7644-fbbf-49a3-9d7e-4d479642939a

China has unveiled unexpected cuts to lending rates days after a top Communist party policy meeting, in a sign of government efforts to boost lagging momentum across the world’s second-largest economy.

The People’s Bank of China announced on Monday that the one-year loan prime rate, widely used as a benchmark for corporate lending, would be lowered 0.1 percentage point to 3.35 per cent, the first such cut since August last year.