Beijing keeps lending rates unchanged

Guards are seen outside the PBoC building in Beijing. — Bloomberg

SHANGHAI: China is keeping its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more signs of recovery from a pandemic-induced slump.

Better-than-expected data recently suggested economic activity is rebounding as Beijing exited its stringent zero-Covid strategy in December and shifted to a pro-growth policy stance.