Chinese banks keep lending rates steady


The one-year loan prime rate was maintained at 3.1%. — Bloomberg

BEIJING: Chinese banks have held their benchmark lending rates for a fifth straight month amid a lack of monetary easing, as officials keep room open for stimulus in case US tariffs rise again.

The one-year loan prime rate (LPR) was maintained at 3.1%, according to a statement from the People’s Bank of China yesterday.

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