Name: China keeps key lending rates steady in bid to shore up yuan as Trump tariffs pressure currency
Uploaded: 2025-04-22T00:58:39+00:00
Duration: 59 s
Description: China kept its loan prime rates unchanged Monday, with the 1-year LPR at 3.1% and the 5-year at 3.6%, aiming to stabilize the yuan amid rising U.S. trade tensions. The decision followed stronger-than-

7 months ago

News

China kept its loan prime rates unchanged Monday, with the 1-year LPR at 3.1% and the 5-year at 3.6%, aiming to stabilize the yuan amid rising U.S. trade tensions.

The decision followed stronger-than-expected economic data, including 5.4% GDP growth in Q1 and solid retail and industrial numbers.

The move aligns with expectations, as the central bank holds off easing due to currency concerns and awaits potential Fed rate cuts, CNBC has reported.

Despite growth, China remains in deflation, with consumer prices down 0.1% and producer prices falling 2.5% in March.

📊 Should China cut rates to fight deflation—or hold steady to protect the yuan?

🇨🇳 Is the U.S.-China trade war about to flare up again?

💬 Drop your take in the comments: Is China’s economy stronger than it looks?

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