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Investing.com-- The People’s Bank of China cut its benchmark loan prime rate as expected on Tuesday, as Beijing moves to unlock more monetary stimulus in the face of slowing growth and a U.S ...

What is the prime rate and how does it impact your card’s interest rate?

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.10% and 3.60%, respectively.

The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower their prime rates by 0.125 percentage points.

See how mortgage rates have changed over time and how rates have impacted the housing market in modern history with these interactive charts.