business

China keeps benchmark lending rates steady for a seventh straight month despite weak economic data - CNBC

The People's Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting.

By:Lim Hui Jie
Source:CNBC
Published:
China keeps benchmark lending rates steady for a seventh straight month despite weak economic data - CNBC
China's central bank kept its loan prime rates steady on Monday, even as the world's second largest economy has seen weak economic data and an extended slump in its property sector. The People's Ba… [+2732 chars]

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