China leaves loan prime rate steady in August, as expected Investing.com-- The People’s Bank of China kept its benchmark loan prime rate unchanged as expected on Wednesday, with Beijing seen resorting to more fiscal measures to boost growth, instead of further loosening monetary policy. The PBOC kept its one-year loan prime rate at 3.0%, as expected, while its five-year LPR, which is used to determine mortgage rates, remained unchanged at 3.5%. Both rates were at historical lows after a slew of cuts by Beijing over the past three years. The loan prime rate is set based on considerations from 18 designated commercial banks, and serves as a benchmark for lending rates in China. China cut the LPR steadily over the past three years, bringing rates further into record-low territory as Beijing sought to shore up local liquidity to offset disinflation and support the economy. But this provided only a limited boost to the Chinese economy, with Beijing seen resorting to more fiscal measures in recent months to provide economic support. Analysts were seen dialing down their bets on more LPR cuts this year, especially with the Chinese economy facing fewer trade headwinds than initially feared. The U.S. and China recently agreed to extend their trade tariff truce by another three months, heralding limited pressure on Chinese exports to the United States. But the LPR is expected to remain pinned at record lows for the time being, especially amid limited signs of recovery in the Chinese economy. More disinflation and weakness in the property market could also invite more rate cuts by the PBOC. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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China keeps loan prime rate unchanged in July as expected Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Monday as widely expected, with rates remaining at record-low levels as Beijing moves to shore up economic growth. The PBOC left its one-year LPR at 3.0%, while the five-year LPR, which is used to set mortgage rates, was unchanged at 3.50%, in line with expectations. Both rates remained at historic lows, with Beijing having cut the LPR steadily over the past three years to provide more monetary support for the Chinese economy. The LPR is set based on recommendations from 18 designated commercial banks, and serves as a benchmark for lending rates in China. A lower LPR facilitates more lending activity, while also releasing liquidity into the Chinese economy. Analysts had tempered their expectations for more LPR easing this year after China and the U.S. agreed to lower their respective trade tariffs against each other in May and June. But gross domestic product data for the second quarter still showed sustained weakness in the Chinese economy, especially as disinflation remained in play. This trend, coupled with Beijing’s focus on shoring up the property market, could invite more cuts in the LPR, especially if U.S. tariffs and slowing consumption apply more pressure on the Chinese economy. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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China leaves loan prime rate unchanged in June as expected Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Friday, as expected, after some deescalation in the U.S.-China tariff exchange lessened the need for more immediate stimulus. The PBOC left its one-year loan prime rate (LPR) at 3%, while the five-year LPR, which is used to set mortgage rates, was kept unchanged at 3.5%. Both rates remained at record-low levels after years of monetary easing in China, as Beijing attempted to stem a deflationary trend and facilitate more local spending. The PBOC had trimmed both rates in May. But the need for more immediate monetary stimulus appeared to be somewhat diminished by a deescalation in the U.S.-China trade conflict. The LPR is set based on recommendations from 18 designated commercial banks, and serves as a benchmark for lending rates in China. A lower LPR releases more liquidity into China’s economy, while also facilitating easier lending. China and the U.S. agreed to temporarily slash their respective trade tariffs in mid-May, pointing to a less severe impact on the Chinese economy from the tariff exchange. Recent talks also showed the two countries reaching a consensus for a trade framework, although it was unclear what this entailed. Recent data showed China’s exports remained steady after the May agreement, although other aspects of the economy remained mixed. Chinese disinflation still remained squarely in play– a trend that could invite more rate cuts by the PBOC. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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China keeps key lending rates steady in bid to shore up yuan as Trump tariffs pressure currency
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PBOC leaves loan prime rate unchanged * One-year rate at 3.10%, unchanged * Five-year rate at 3.60%, unchanged This article was written by Adam Button at www.forexlive.com.

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