China Holds Steady on Lending Rates | JQJO

China maintained its benchmark lending rates for the fourth consecutive month on Monday, keeping the one-year loan prime rate at 3.0% and the five-year rate at 3.5%. This decision aligns with economists' predictions and follows a recent stock market rally, despite weakening economic indicators like a slowdown in export growth to 4.4% in August. While the central bank previously cut rates in May, this month's decision reflects a cautious approach, with further easing expected later in the year to meet the government's growth targets.