# China cuts lending benchmarks to revive faltering economy | Reuters

> China cut its benchmark lending rate and mortgage reference rate by a larger margin than expected on Monday to support a faltering economy. The move is aimed at reviving growth after weak activity.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/40263-china-cuts-lending-benchmarks-to-revive-faltering-economy-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Stimulus that supports Chinese growth could lift industrial and livestock feed demand over time, but the rate cut also widened the rate gap with the US and weakened the yuan.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-08-15 | [Surprise China lending rate cut drags ringgit lower \| FMT](https://feedsoft.ai/events/34851-surprise-china-lending-rate-cut-drags-ringgit-lower-fmt.md) | +0.4% | +0.4% |
| USDCNY | 2024-11-26 | [China's yuan slides to four-month low on Trump's tariff promise \| Reuters](https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters.md) | +0.6% | +0.8% |
| USDCNY | 2026-02-27 | [Yuan Snaps Rising Streak After China Cuts Cost to Short Currency - Bloomberg](https://feedsoft.ai/events/7897-yuan-snaps-rising-streak-after-china-cuts-cost-to-short-currency-bloomberg.md) | +0.7% | +1.0% |
| USDCNY | 2022-01-17 | [China cuts rates on policy loans, analysts point to more easing ahead](https://feedsoft.ai/events/43362-china-cuts-rates-on-policy-loans-analysts-point-to-more-easing-ahead.md) | -0.3% | +0.1% |
| USDCNY | 2025-05-07 | [China injects 'tactical' monetary stimulus ahead of US trade meeting \| Reuters](https://feedsoft.ai/events/9621-china-injects-tactical-monetary-stimulus-ahead-of-us-trade-meeting-reuters.md) | -0.1% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/china-cuts-lending-benchmarks-arrest-economic-slowdown-2022-08-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.