China Holds Key Lending Rates Steady as Growth and Inflation Rise
Updated
Updated · CNBC · Apr 20
China Holds Key Lending Rates Steady as Growth and Inflation Rise
15 articles · Updated · CNBC · Apr 20
China’s central bank kept its benchmark one-year and five-year loan prime rates unchanged at 3.0% and 3.5% for April.
This marks the 11th consecutive month of no change, as economic growth remains resilient and inflationary pressures rise.
The People's Bank of China is prioritising stability amid global uncertainties, with markets now focusing more on short-term policy rates for guidance.
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