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China keeps benchmark lending rates unchanged despite slowing economic growth
China’s central bank kept its loan prime rates unchanged on Tuesday as the authorities focus on targeted support for specific sectors to bolster a slowing economy instead of broad policy easing. The People’s Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keeping them unchanged for an eighth straight month. The 1-year rate influences most new and outstanding loans, while the 5-year benchmark affects mortgages. The decision came as the world’s second largest economy lost its momentum in the final quarter of 2025, growing 4.5% year on year, the slowest pace since the ... (full story)
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