China's Central Bank Maintains Current Interest Rates

In a move that aligns with market expectations, the People's Bank of China (PBoC) has decided to keep its benchmark interest rates steady this Monday. This decision underscores the bank's approach to navigating the current economic landscape without immediate adjustments to borrowing costs.

Stability in Loan Prime Rates

The 1-year Loan Prime Rate (LPR), a critical factor influencing corporate loans, and the 5-year LPR, which sets the benchmark for mortgage rates, remain unchanged at 3.10% and 3.60%, respectively. This stability in rates reflects the central bank's strategy to support economic growth while monitoring the effects of previous monetary policies.