China leaves benchmark lending rates unchanged
China’s central bank kept its benchmark lending rates unchanged for the fourth month in a row, holding the one-year rate at 3.0% and the five-year rate at 3.5%, despite the U.S. Federal Reserve cutting rates last week. The decision aligns with expectations that authorities would avoid major stimulus amid a recent stock market rally, even as economic data show signs of slowdown. Retail sales and … Continue reading China leaves benchmark lending rates unchanged
