China’s central bank, the People’s Bank of China (PBOC), has maintained its key lending rates, keeping the 1-year Loan Prime Rate (LPR) at 3.1% and the 5-year LPR at 3.6%. This decision comes amid ongoing trade tensions with the U.S., as China seeks to stabilize its currency, the yuan. Recent economic data showed encouraging GDP growth, providing room for steady rates. Analysts note that while low inflation and external pressures call for easing, currency stabilization concerns may delay further rate adjustments until the U.S. Federal Reserve acts.
— new from CNBC
