Reported 1 day ago
China has kept its benchmark lending rates steady for the third consecutive month, with the one-year loan prime rate at 3.1% and the five-year rate at 3.6%. This decision comes as the weakening yuan limits Beijing's ability to ease monetary policy. Despite measures to support the currency, businesses are seeing decreased expectations for immediate rate cuts, as the government aims for a growth strategy with a more 'appropriately loose' monetary approach in 2025.
Source: YAHOO