China decided to keep its key lending rates unchanged, with the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, prioritizing financial stability over interest rate easing to support the economy. PBOC Governor Pan Gongsheng emphasized the importance of a stable yuan for global financial stability and China’s focus on consumption, amid downward pressure on the currency due to threats of higher tariffs and a fragile consumer demand. Since Trump’s inauguration, tariffs on Chinese imports have increased, impacting the economy and complicating efforts to stimulate growth.
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Whangārei man jailed for forcibly kissing women at a bus terminal
A convicted child sex offender, Hare Hiku, 43, was sentenced for indecently assaulting two women at a bus terminal in Whangārei. The incidents occurred on April 4, 2024, when Hiku forcibly kissed the victims without their consent. Need More Context? 🔎
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