Chinese Banks Hold Their Benchmark Lending Rates for Fifth Month
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Chinese banks held their benchmark lending rates for a fifth straight month in the absence of more monetary easing, as officials leave open room for stimulus in the likely case that US tariffs rise again.
The one-year loan prime rate was maintained at 3.1%, according to a statement from the People’s Bank of China on Thursday. The five-year LPR was also unchanged at 3.6%.