China leaves loan prime rate unchanged amid stimulus, tariff watch
Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Wednesday, with Beijing seeking more clarity on U.S. politics before unlocking more support for the economy.The LPR is determined by the PBOC based on considerations from 18 designated commercial banks, and is used as a benchmark for lending rates in the country.
China rolled out a slew of aggressive stimulus measures since late September to support growth. But the country held off on outlining more targeted fiscal measures, amid caution over increased trade tariffs under Trump, who has vowed to impose a 60% import tariff on all Chinese goods.was battered following Trump’s election. The central bank had steadily cut the LPR further into record-low territory over the past two years to support growth.
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