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© Reuters. Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo
Exciting news! China has decided to keep benchmark lending rates unchanged at the monthly fixing, aligning with market expectations. However, market watchers believe that monetary easing might be on the horizon to boost the recovering economy. The one-year loan prime rate (LPR) remains at 3.45%, while the five-year LPR is steady at 4.20%. All 28 market watchers predicted no change, based on a recent Reuters survey. With the central bank keeping its policy rate steady, it’s expected that more changes may come in the new year. Stay tuned for updates! » …
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