China’s central bank (PBoC) wants to support the weakening economy with another key interest rate cut. On Monday, it lowered the one-year key lending rate (LPR) by 25 basis points to 3.10 percent from 3.35 percent – this affects most new and existing loans in the People’s Republic. It also cut the five-year key interest rate by the same margin to 3.6 percent from 3.85 percent previously – it plays a particularly important role in the pricing of mortgages.