Reported about 16 hours ago
Chinese banks have kept their benchmark lending rates unchanged for the fifth consecutive month as they anticipate potential stimulus measures in response to increasing US tariffs. The one-year loan prime rate remains at 3.1%, while the five-year rate stands at 3.6%. Concerns about a struggling housing market and weak consumer demand persist, leading to speculation that the People's Bank of China may need to implement interest rate cuts in the near future to encourage borrowing and spending.
Source: YAHOO