China's PBOC maintains benchmark lending rates unchanged in March due to improved economic indicators.
China's central bank, PBOC, is expected to maintain benchmark lending rates unchanged in March, according to a Reuters survey. The decision is attributed to improving economic indicators, with factory output and retail sales surpassing expectations. However, the struggling property market remains a concern. The one-year and five-year loan prime rates (LPR) are predicted to stay unchanged at 3.45% and 3.95% respectively.
March 19, 2024
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