Investment

China holds benchmark lending rates steady

1 Mins read

China held its benchmark lending rates steady Friday, as expected after the central bank kept its policy rates unchanged earlier this month.

The one-year loan prime rate was maintained at 3.45% and the five-year rate at 4.2%, the People’s Bank of China said on its website.

The move was anticipated after the PBOC kept the interest rate on its medium-term lending facility steady and injected more liquidity into the market via the key policy tool to meet funding shortages.

Many economists believe that Beijing’s need to pump out stimulus is easing after the world’s second-largest economy reported better-than-expected growth in the third quarter, which could put it on track to meet the around 5% economic growth target set for this year.

Read the full article here

Related posts
Investment

The winner of EA’s ‘Madden’ videogame tournament will get more prize money than the NFL’s Super Bowl champions

1 Mins read
Last Updated: March 3, 2025 at 10:21 p.m. ETFirst Published: March 3, 2025 at 4:58 p.m. ET Kids who are obsessed with football may…
Investment

AMC’s most liquid bond is rallying following the movie-theater chain’s fourth-quarter results

1 Mins read
Published: Feb. 27, 2025 at 1:23 p.m. ET AMC Entertainment Holdings Inc.’s most liquid bond rallied this week, lifted by better-than-expected fourth-quarter revenue…
Investment

The world’s biggest dividend has just been cut. Here’s why.

1 Mins read
Published: March 4, 2025 at 3:51 a.m. ET Saudi Arabian Oil Co. has slashed its massive dividend payout — the world’s biggest —…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *