The People's Bank of China said it would keep the one-year loan prime rate at 3.1%, while holding the five-year LPR at 3.6%.
China's central bank on Wednesday kept major benchmark lending rates unchanged on Wednesday, as Beijing assesses the effects of existing stimulus measures.
"There is no immediate need to adjust the LPR this month," said Bruce Pang, chief economist and head of research for Greater China at JLL. Only retail sales beat expectations, with a 4.8% year-on-year increase, indicating that recent stimulus had started seeping into certain sectors of the economy.stimulus announcements to spur economic growth, which has been dragged down by a prolonged property crisis as well as weak consumer and business sentiment.
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