News Snapshot:
SHANGHAI: China kept its benchmark interest rates on corporate and household loans unchanged Wednesday as policymakers took a cautious approach amid signs of economic recovery, mounting domestic inflationary pressures and aggressive global interest rate hikes. At the monthly determination, the one-year loan prime rate (LPR) was kept at 3.70 percent and the five-year LPR unchanged at 4.45 percent, in line with the market expectations of 22 respondents in the Reuters snap survey that conducted this. week. China, along with Japan, has been a major outlier in a global series of policy tightenings to tame rampant inflation, with Beijing focusing on...
