China Maintains Benchmark Lending Rates to Evaluate Stimulus Impact

The People's Bank of China holds loan prime rates steady as recent economic measures are assessed.

China's one-year loan prime rate remains at 3.1%, and the five-year rate stays at 3.6%, unchanged from last month.
The decision aligns with market expectations, following a significant rate cut last month aimed at boosting economic activity.
Analysts indicate there is no immediate need to adjust rates, as the effects of recent stimulus measures are still being evaluated.
October's economic data showed mixed results, with retail sales exceeding expectations but industrial production and investment lagging.
Chinese authorities have introduced a substantial fiscal package to address local government debt and signal potential future economic support.