Theme:
Light Dark Auto
GeneralTop StoriesPoliticsBusinessEconomyTechnologyInternationalEnvironmentScienceSportsHealthEducationEntertainmentLifestyleCultureCrime & LawTravel & TourismFood & RecipesFact CheckReligion
ECONOMY
Neutral Sentiment

China Holds Steady on Lending Rates

Read, Watch or Listen

China Holds Steady on Lending Rates

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.

Prepared by Christopher Adams and reviewed by editorial team.

Related News

Comments

JQJO App
Get JQJO App
Read news faster on our app
GET