China Maintains Benchmark Lending Rates for Seventh Consecutive Month Amidst Economic Uncertainty
TL;DR Summary
China kept its benchmark loan prime rates unchanged for the seventh month, indicating a cautious approach to monetary easing as the economy shows signs of stabilization and aims for a 5% growth target, with policymakers possibly delaying further stimulus measures until next year.
- China leaves benchmark lending rates unchanged for seventh straight month Reuters
- China keeps benchmark lending rates steady for a seventh straight month despite weak economic data CNBC
- Australian Dollar holds gains following PBOC decision FXStreet
- Asia trades higher after China's rate call breakingthenews.net
- Offshore Yuan Steady After PBoC Decision TradingView — Track All Markets
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