China keeps key lending rates steady in bid to shore up yuan as Trump tariffs pressure currency
China kept its loan prime rates unchanged Monday, with the 1-year LPR at 3.1% and the 5-year at 3.6%, aiming to stabilize the yuan amid rising U.S. trade tensions. The decision followed stronger-than-expected economic data, including 5.4% GDP growth in Q1 and solid retail and industrial numbers. The move aligns with expectations, as the central bank holds off easing due to currency concerns and awaits … Continue reading China keeps key lending rates steady in bid to shore up yuan as Trump tariffs pressure currency
