The decision followed the central bank’s move to keep its seven-day reverse repo rate steady. The weighted average interest rate for new business loans fell to about 3.1 per cent, down 40 basis points (bps) year-over-year (YoY), while mortgage rates also declined to around 3.1 per cent, a decrease of 25 bps.
Authorities have pledged to pursue a moderately loose monetary policy in 2025, balancing support for domestic growth with concerns over financial stability. Analysts said the unchanged LPR reflects resilience in exports, easing Sino-US trade tensions, and recent stock market gains, even as the economy faces slowing demand, as per Chinese media reports.
ALCHEMPro News Desk (SG)
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