贷款市场报价利率

10:55 Jul 25, 2020
This question was closed without grading. Reason: Answer found elsewhere

Chinese to English translations [PRO]
Bus/Financial - Finance (general) / Investment banking
Chinese term or phrase: 贷款市场报价利率
I am trying to improve my financial translations skills and am currently reading both English and Chinese versions of the same documents.

My dictionary says the given term is: "Loan market quoted interest rate", but the English TR I was given says: "prime rates".

The phrase appears in the sentence: 将1年期借贷便利利率下调10基点,贷款市场报价利率下调5-10基点。
The translation I am trying to learn from translates this sentence as: 1Y lending facility rate cut by 10bp and prime rates by 5-10bp.

I wonder if anyone has the time to explain if these are different or how they are the same?

Thanks in advance.
Suzanne Reynolds
United Kingdom
Local time: 20:50


Summary of answers provided
5Loan Prime Rate (LPR)
Anastasia Andriani


  

Answers


4 hrs   confidence: Answerer confidence 5/5
Loan Prime Rate (LPR)


Explanation:
贷款市场报价利率 in Investment banking and Finance term, it called as Loan Prime Rate (LPR)
While, if we translet one by one every single word it is Loan Market Quoted Interest Rate.
贷款 : Loan
市场 : Market
报价 : Quote
利率 : Interest Rate


    Reference: http://baidu.com
    Reference: http://collindictionary.com
Anastasia Andriani
Indonesia
Local time: 03:50
Native speaker of: Native in IndonesianIndonesian
Notes to answerer
Asker: Thanks, Anastasia.

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