China Holds Benchmark Lending Rates Steady
China maintained its benchmark lending rates unchanged for the sixteenth straight month in September. The decision aligns with market expectations as policymakers balance limited monetary easing scope with hawkish global central banks.
Xurve View
Insights:
Xurve View
China kept its benchmark lending rates unchanged for the sixteenth straight month on Sunday morning, leaving the one-year LPR at 3.00% and the five-year rate at 3.50%. The hold aligned with forecasts from all 21 economists surveyed by Reuters ahead of the decision. The steady rates highlight the narrow window for monetary easing as global peers turn hawkish and USD/CNH tests new levels.
