China’s central bank keeps the lending rates steady at 3.0% for 1-year and 3.5% for 5-year LPR after previous cuts, reflecting a cautious stance amidst slower credit growth and deflation. Policymakers indicate a restrained approach to any future rate cuts.
Experts believe that economic stabilization in China may depend significantly on reaching a trade deal with the U.S. Future monetary policies might be limited unless external circumstances improve or inherent economic pressures heighten.
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