# China cuts rates via a new tool | articles | ING THINK

> China cut the one-year loan prime rate by 5 basis points to 4.2% on September 20, following weak August activity data. Analysts expect another cut in October unless trade talks produce a major breakthrough.

- Date: 2019-09-20 · published 2019-09-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/57293-china-cuts-rates-via-a-new-tool-articles-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Easier credit supports Chinese production and investment, a mild positive for feed demand, while the yuan impact is expected to be small.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-20 | [China cuts new loan rate for second month but struggling economy likely needs more](https://feedsoft.ai/events/57291-china-cuts-new-loan-rate-for-second-month-but-struggling-economy-likely-needs.md) | +1.7% | +4.4% |
| CORN | 2019-09-06 | [China cuts reserve ratio as it boosts stimulus amid trade woes \| The National](https://feedsoft.ai/events/57295-china-cuts-reserve-ratio-as-it-boosts-stimulus-amid-trade-woes-the-national.md) | -1.8% | +3.3% |
| CORN | 2022-06-29 | [Three Signs Show That Argentina Is Heading to a Devaluation - Bloomberg](https://feedsoft.ai/events/41226-three-signs-show-that-argentina-is-heading-to-a-devaluation-bloomberg.md) | +1.2% | -16.3% |
| CORN | 2022-05-23 | [Euro scales three-week high on Chinese recovery hopes](https://feedsoft.ai/events/12693-euro-scales-three-week-high-on-chinese-recovery-hopes.md) | +0.0% | -1.2% |
| CORN | 2025-02-03 | [Mexican peso rallies after touching 3-year low as tariffs delayed](https://feedsoft.ai/events/26261-mexican-peso-rallies-after-touching-3-year-low-as-tariffs-delayed.md) | +0.6% | -3.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/china-cuts-rates-via-a-new-tool/

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