Economic Buzz: China keeps key lending rates unchanged amid global uncertainty

China?s central bank has decided to keep its main lending rates the same for the 11th month in a row. Officials are being cautious as they assess how rising tensions in the Middle East and higher global oil prices could affect the economy.

The one-year loan prime rate, which influences most new loans, remains at 3.0%, while the five-year rate, often used for home loans, stays at 3.5%. Policymakers appear less pressured to cut rates now, as the economy shows steady growth and concerns about falling prices have eased.

Powered by Commodity Insights