China Keeps Benchmark Lending Rates Unchanged
Provided by
Dow Jones
China kept its benchmark lending rates unchanged on Friday, despite growing expectations for a cut after the U.S. Federal Reserve's larger-than-expected interest rate reduction earlier this week.
The one-year loan prime rate was maintained at 3.35%, and the five-year rate at 3.85%, the People's Bank of China said.
Analysts had anticipated a rate cut this month, believing the Fed's move could provide more policy flexibility for China's central bank.
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
September 19, 2024 21:33 ET (01:33 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States