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China holds key lending rates steady at 3.1% and 3.6% to stabilize currency amid US trade tensions.
China kept its key lending rates unchanged, with the one-year loan prime rate at 3.1% and the five-year rate at 3.6%, aiming to stabilize its currency amid trade tensions with the US.
This decision follows better-than-expected economic data, including a 5.4% growth in first-quarter GDP.
Despite pressure from US tariffs, the People's Bank of China (PBOC) has maintained rates steady, in line with economists' expectations, though some predict more easing later this year.
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China mantiene las tasas clave de préstamos estables en 3.1% y 3.6% para estabilizar la moneda en medio de las tensiones comerciales de Estados Unidos.