{"id":245212,"date":"2025-09-22T01:41:10","date_gmt":"2025-09-22T01:41:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/245212\/"},"modified":"2025-09-22T01:41:10","modified_gmt":"2025-09-22T01:41:10","slug":"china-leaves-benchmark-lending-rates-unchanged-as-expected-despite-fed-rate-cut","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/245212\/","title":{"rendered":"China leaves benchmark lending rates unchanged as expected, despite Fed rate cut"},"content":{"rendered":"

BEIJING, CHINA – OCTOBER 12: The People’s Bank of China (PBOC) building is pictured on October 12, 2020 in Beijing, China. <\/p>\n

Vcg | Visual China Group | Getty Images<\/p>\n

China kept its benchmark lending rates unchanged for the fourth month in a row on Monday despite the U.S. Federal Reserve’s interest rate cut last week.<\/p>\n

The People’s Bank of China kept the one-year loan prime rate (LPR) unchanged at 3.0% while the five-year LPR at 3.5%, respectively, according to a statement Monday. The one-year LPR influences most new and outstanding loans, while the five-year rate influences the pricing of mortgages.<\/p>\n

The Monday decision came in line with economists’ expectations that Chinese authorities would hold off major stimulus measures amid a recent stock market rally, despite a string of economic data showing signs of fatigue in the economy.<\/p>\n

The central bank last cut the key lending rates by 10 basis points in May<\/a> as part of Beijing’s efforts to shore up its economy.<\/p>\n

The PBOC last Thursday kept the seven-day reverse repo rate, which serves as the main policy rate, unchanged, following the Fed’s decision to reduce rates by a quarter percentage point.<\/p>\n

The benchmark lending rates \u2014 normally charged to banks’ best clients \u2014 are calculated monthly based on designated commercial banks’ proposed rates submitted to the PBOC.<\/p>\n

The country’s export growth slowed to 4.4% in August, marking their lowest growth rate since February, as the impact of frontloading shipments waned and the U.S. trade policy targeting transshipment weighed on exports to third countries.<\/p>\n

Chinese policymakers are expected to roll out marginal monetary easing later this year to ensure the world’s second-largest economy hits the government’s annual growth target of around 5%.<\/p>\n

This is breaking news. Please refresh for updates.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"BEIJING, CHINA – OCTOBER 12: The People’s Bank of China (PBOC) building is pictured on October 12, 2020…\n","protected":false},"author":3,"featured_media":245213,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[8000,7998,133,64,81,135,67,132,68],"class_list":{"0":"post-245212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asia-economy","9":"tag-breaking-news-asia","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-markets","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115245410085207765","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/245212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=245212"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/245212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/245213"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=245212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=245212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=245212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}