News Snapshot:
SHANGHAI : China kept its benchmark lending rates for corporate and household loans unchanged on Wednesday, as policymakers adopted a cautious approach amid signs of economic recovery, growing domestic inflationary pressure and aggressive global rate rises. At the monthly fixing, the one-year loan prime rate (LPR) was kept at 3.70per cent, and the five-year LPR was unchanged at 4.45per cent, in line with market expectations of 22 respondents in the Reuters snap poll conducted this week. China, along with Japan, has been a major outlier in a global run of policy tightening to tame rampant inflation with Beijing focussed on...
