The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information.
China was the first major economy to shake off the bulk of the pandemic's shock. But this year, especially since July, growth has been dragged down by muted consumer spending, Beijing's zero-tolerance policy for controlling subsequent outbreaks and tighter regulations, particularly on the real estate sector.
At the Chinese government's annual Central Economic Work Conference earlier this month, the country's top leaders emphasized that stability would be a greater focus next year. The meeting concluded that "prudent monetary policies should be flexible and appropriate, and liquidity should be maintained at a reasonable and ample level," according to state media.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China reports 125 new COVID-19 cases on Dec 17China reported 125 new confirmed coronavirus cases for Dec. 17, up from 76 a day earlier, its health authority said on Saturday.
Read more »
Analysis: Stay, swap or shed: Investors brace for delisting of U.S.-listed China stocksAs a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world's second-biggest economy.
Read more »
Microsoft’s Bing Halts Autofill Feature in China, Citing Local LawsMicrosoft’s Bing said it has suspended the autofill suggestion feature in China to comply with local laws, while some users in the country said the search engine had become inaccessible.
Read more »
Central Banks Worry Omicron Could Sustain InflationInstead of loosening monetary policy to prop up their economies as they did at the start of the Covid-19 pandemic, central banks are moving to unwind stimulus and raise interest rates.
Read more »
Asia-Pacific stocks slide ahead of China's benchmark lending rate releaseChina is set to announce its latest one-year loan prime rate at 9:30 a.m. HK/SIN on Monday.
Read more »
California jobless rate below 7%; 1st time since March 2020California's unemployment rate has fallen below 7% for the fist time since March of last year at the start of the pandemic.
Read more »