{"id":78977,"date":"2025-09-22T14:47:13","date_gmt":"2025-09-22T14:47:13","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/78977\/"},"modified":"2025-09-22T14:47:13","modified_gmt":"2025-09-22T14:47:13","slug":"china-keeps-lending-rates-unchanged-in-sept-as-trade-tensions-ease","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/78977\/","title":{"rendered":"China keeps lending rates unchanged in Sept as trade tensions ease"},"content":{"rendered":"\n<p class=\"yf-1090901\">SHANGHAI (Reuters) -China kept its benchmark lending rates unchanged for the fourth consecutive month in September, in line with market expectations, following the central bank&#8217;s decision to hold a main policy rate steady last week.<\/p>\n<p class=\"yf-1090901\">WHY IT&#8217;S IMPORTANT<\/p>\n<p class=\"yf-1090901\">The steady loan prime rate (LPR) fixings reflect the authorities cautious approach to monetary easing amid easing Sino-U.S. trade tensions, resilient exports and a recent stock market rally, despite signs of a domestic slowdown and monetary easing by the Federal Reserve.<\/p>\n<p>      Invest in Gold   <\/p>\n<p>   Powered by Money.com &#8211; Yahoo may earn commission from the links above. <\/p>\n<p class=\"yf-1090901\">BY THE NUMBERS<\/p>\n<p class=\"yf-1090901\">The one-year LPR was kept at 3.0% on Monday, while the five-year LPR was unchanged at 3.5%.<\/p>\n<p class=\"yf-1090901\">In a Reuters survey of 20 market participants conducted last week, all participants predicted no change to either of the two rates despite a recent spate of weak economic data.<\/p>\n<p class=\"yf-1090901\">CONTEXT<\/p>\n<p class=\"yf-1090901\">China&#8217;s central bank left the seven-day reverse repo rate, which now serves as the main policy rate, unchanged last week.<\/p>\n<p class=\"yf-1090901\">Recent data showed factory output and retail sales in August recorded their weakest growth since last year, highlighting economic headwinds and slowdown in the domestic economy.<\/p>\n<p class=\"yf-1090901\">U.S. President <a href=\"https:\/\/www.yahoo.com\/people\/donald-trump\/\" data-ylk=\"slk:Donald Trump;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> said he and Chinese President Xi Jinping made progress on a TikTok agreement and would meet face-to-face in six weeks in South Korea to discuss trade, illicit drugs and Russia&#8217;s war in Ukraine.<\/p>\n<p class=\"yf-1090901\">China&#8217;s stock market has been on a tear, with the benchmark Shanghai Composite Index hovering near 10-year highs. [.SS]<\/p>\n<p class=\"yf-1090901\">KEY QUOTES<\/p>\n<p class=\"yf-1090901\">** Barclays<\/p>\n<p class=\"yf-1090901\">&#8220;The highly anticipated stimulus may disappoint if tariff truce holds.<\/p>\n<p class=\"yf-1090901\">&#8220;On monetary policy, we expect the PBOC to deliver a 10-basis-point cut in policy rate and LPR, and 50-basis-point cut in reserve requirement ratio (RRR) in Q4.&#8221;<\/p>\n<p class=\"yf-1090901\">** Societe Generale<\/p>\n<p class=\"yf-1090901\">&#8220;The next event to watch for domestic policy is the upcoming fourth plenum in October, where policymakers will review the proposals of the 15th Five-Year Plan (FYP).<\/p>\n<p class=\"yf-1090901\">&#8220;As for People&#8217;s Bank of China (PBOC) policy, we still see the need for interest rate and RRR cuts (10bps and 50bps, respectively) in Q4.&#8221;<\/p>\n<p class=\"yf-1090901\">(Reporting by Shanghai Newsroom; Editing by Kim Coghill and Jacqueline Wong)<\/p>\n","protected":false},"excerpt":{"rendered":"SHANGHAI (Reuters) -China kept its benchmark lending rates unchanged for the fourth consecutive month in September, in line&hellip;\n","protected":false},"author":2,"featured_media":78978,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[9707,79,381,53186,179,18,19,17,9711,34334,7441,1402,50296],"class_list":{"0":"post-78977","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-benchmark-lending-rates","9":"tag-business","10":"tag-china","11":"tag-domestic-policy","12":"tag-economy","13":"tag-eire","14":"tag-ie","15":"tag-ireland","16":"tag-lpr","17":"tag-market-participants","18":"tag-monetary-policy","19":"tag-stock-market","20":"tag-unchanged"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/78977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=78977"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/78977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/78978"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=78977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=78977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=78977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}