China Maintains Benchmark Lending Rates Amid Economic Growth and Middle East Risks
The People's Bank of China kept its benchmark lending rates unchanged for the 11th consecutive month, with the one-year LPR at 3.0% and the five-year LPR at 3.5%. This decision follows China's 5% first-quarter growth and rising inflation, reducing urgency for further stimulus despite Middle East tensions impacting global energy prices.
Topics: China economic policy inflation interest rates LPR Middle East conflict