China leaves key loan rates unchanged

(Sharecast News) - China's central bank kept key lending rates unchanged for the third month in a row on Monday. The People's Bank of China (PBoC) held the one-year loan prime rate at 3.1% for corporate and most household loans, and the five-year rate at 3.6% for mortgages.

In October 2024, the PBoCs slashed lending benchmarks in an attempt to boost the country's flagging economy.

Reporting by Frank Prenesti for Sharecast.com