China kept its key lending rates steady at 3.0% for one-year and 3.5% for five-year loans

On Monday, China’s benchmark lending rates remained unchanged as it faces softening growth and weak consumer confidence. The People’s Bank of China left the one‑year LPR at 3.0 percent and the five‑year loan prime rate at 3.5 percent. Loan prime rates, set by a survey conducted by a number of commercial banks that send rate proposals to […]

Source: cryptopolitan.com (Read Full Article)