China central bank
China’s central bank left its key lending rates unchanged on Monday, maintaining its focus on stabilizing the yuan as trade tensions with the United States continue to escalate. 
The People’s Bank of China (PBOC) kept the one-year loan prime rate (LPR) — which influences corporate and household borrowing costs — steady at 3.1%. The five-year LPR, a benchmark for mortgage lending, was also left unchanged at 3.6%.
Recent economic data showed China’s gross domestic product grew by 5.4% year-on-year in the first quarter, surpassing expectations ahead of the mounting effects of the ongoing trade dispute.
The US has imposed tariffs totaling up to 245% on Chinese imports, while China responded with retaliatory duties of 125% on American goods.
China central bank
China’s central bank left its key lending rates unchanged on Monday, maintaining its focus on stabilizing the yuan as trade tensions with the United States continue to escalate.
The People’s Bank of China (PBOC) kept the one-year loan prime rate (LPR) — which influences corporate and household borrowing costs — steady at 3.1%. The five-year LPR, a benchmark for mortgage lending, was also left unchanged at 3.6%.
Recent economic data showed China’s gross domestic product grew by 5.4% year-on-year in the first quarter, surpassing expectations ahead of the mounting effects of the ongoing trade dispute.
The US has imposed tariffs totaling up to 245% on Chinese imports, while China responded with retaliatory duties of 125% on American goods.
