China keeps benchmark lending rates steady as Fed signals fewer cuts ahead

China’s central bank kept its main benchmark lending rates unchanged, with the one-year loan prime rate at 3.1% and the five-year LPR at 3.6%. This decision follows a 25-basis-points rate cut by the U.S. Federal Reserve, which indicated fewer future rate cuts. Analysts believe the Fed’s outlook may pressure the yuan, as China aims to boost economic growth with monetary easing measures.

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