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الاقتصادية
China keeps key rates steady for 16th month
It is expected that China will continue to keep its benchmark lending rates unchanged for the sixteenth consecutive month in September, with the 1-year loan interest rate remaining at 3.00% and the 5-year rate at 3.50%. This comes amidst global shifts toward tightening monetary policies by major central banks to contain inflation, amid declining demand for credit and a slowdown in loan growth in China due to contractions in the real estate sector and local governments. This cautious hold reflects the global policy shift, coupled with the increasing yield spread between U.S. and Chinese Treasury bonds.
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