China’s Monetary Policy: A Tightrope Walk by the PBoC ...Middle East

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China’s Monetary Policy: A Tightrope Walk by the PBoC
The People’s Bank of China (PBoC) kept its loan prime rates unchanged on Monday, despite concerns about a potential downturn in the property sector, a slowing economy, and subdued investor sentiment.  As per the PBoC‘s announcement, both the one-year and five-year lending rates are set to remain unchanged at 3.45% and 4.2%, respectively. This decision aligned closely with expectations, with almost all market watchers predicting that the rates would hold steady.  This decision follows last week’s unexpected move…

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