China kept its benchmark lending rates unchanged for a 13th consecutive month in June, reinforcing expectations that policymakers are not yet prepared to deliver another round of monetary easing. The one-year loan prime rate (LPR) was held at 3.00%, while the five-year LPR, the reference rate for mortgages, remained at 3.50%. The decision reflects Beijing’s […]The post China Holds Loan Prime Rates Steady as Weak Credit Demand Limits Case for Easing appeared first on ActionForex.