China Maintains Steady Interest Rates
(MENAFN) China’s central monetary authority maintained its benchmark interest rates without alteration on Wednesday, matching the expectations of financial analysts, according to an official announcement.
The institution held its one-year loan prime rate unchanged at 3%, and the five-year loan prime rate remained fixed at 3.5%.
These rates have remained stable since June, following a slight reduction from 3.6% in May.
This decision comes as the nation experiences subdued inflation.
The annual inflation figure stood at “0%” in August, following a slight rise of “0.1%” in July and a negative rate of “minus 0.1%” recorded in June.
As reported in the official statement, the central bank's choice to sustain current rates reflects a careful approach amid persistently low consumer prices and ongoing economic uncertainties.
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