China’s central bank holds rates steady at 3.0% and 3.50%
The People’s Bank of China has decided to leave its Loan Prime Rates (LPRs) unchanged.
The one-year LPR remains at 3.00%, while the five-year LPR stays at 3.50%.
This decision is seen as a neutral stance by the central bank, as it aims to balance economic growth and inflation control.