The Asian Development Bank (ADB) has reduced its lending rates for both its U.S. dollar and Japanese yen single currency pool-based loans. the ADB said in a report on Thursday.

For the period from July 1 to Dec. 31, 2006, the lending rate for U.S. dollar pool-based loans will decrease to 5.86 from 5.94 percent, the report issued by ADB's website said.

During the same period, the lending rate for the Japanese yen pool-based loans will fall to 1.46 from 1.49 percent, it said.

Source: Xinhua