China holds lending rates, leans on fiscal push for growth

China kept benchmark loan prime rates unchanged for a seventh consecutive month, in line with expectations. The one-year loan prime rate was held at 3.0%, while the over-five-year LPR, a key reference for mortgage pricing, remained at 3.5%. The decision reinforces the view that near-term monetary easing is not a priority. While lower LPRs would […]

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