This:
Chinese banks will likely trim their benchmark loan prime rates Monday for the first time in months to help spur borrowing demand and reverse a sharp slump in consumer and business sentiment.
The one-year loan prime rate — the de facto benchmark lending rate for banks –is expected to be cut by 10 basis points to 3.6%, according to all 16 economists polled by Bloomberg. That would be the first reduction in that rate since January.
