China Keeps Benchmark Lending Rates Steady as People Bank of China Prioritizes Financial Stability
Posted on February 20, 2025, by Niftynews The People Bank of China (PBOC) decided to keep its key lending rates unchanged, signaling a shift towards prioritizing financial stability over aggressive rate cuts to boost the country’s economy. The 1-year loan prime rate (LPR) remains at 3.1%, and the 5-year LPR is steady at 3.6%. These rates…