The People's Bank of China announced that it was lowering by 1.08 percentage points the one-year lending rate in response to the slowdown in the Chinese economy. This rate is the Chinese equivalent of the federal funds rate in the United States.

Other things remaining the same, there will be ________ in the exchange rate, ________ in imports and ________ in exports.

an increase; an increase; a decrease

a decrease; an increase; a decrease

a decrease; a decrease; an increase

an increase; a decrease; an increase