Chinese central bank’s policy rate stays steady
(MENAFN) China’s central bank maintained its key policy interest rates on Wednesday, as expected by markets, an official statement confirmed. The one-year loan prime rate remained at 3%, while the five-year rate stayed at 3.5%.
The rates have been unchanged since June, following a reduction from 3.6% in May. Meanwhile, the country’s annual inflation rate was 0% in August, compared with 0.1% in July and -0.1% in June.
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