PBoC holds key lending rates
Central bank official says data shows recent easing measures are taking effect
The People’s Bank of China (PBoC) held key lending rates steady in a move widely expected by markets, after cutting banks’ reserve requirements last week.
A senior PBoC official said there were signs the central bank’s recent moves to support the economy were taking effect. Since June, the central bank has introduced several measures in a bid to counteract property sector downturn and weak domestic demand.
The PBoC held the one-year loan prime rate (LPR), a reference for most household and
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