Reported 14 days ago
Chinese banks have decided to keep their benchmark lending rates steady, with the one-year loan prime rate at 3.10% and the five-year rate at 3.60%, following a significant reduction last month. This decision aligns with economists' forecasts and comes as the Chinese economy shows early signs of stabilization after aggressive stimulus measures. The People's Bank of China (PBOC) suggested that further monetary easing measures may be implemented in the coming months.
Source: YAHOO