BusinessPhoto: Firstpost BusinessChina to Keep Lending Rates Steady for 17th Month Amid Growth Rebound
China is set to maintain its benchmark lending rates unchanged for the 17th consecutive month in October, following stronger-than-expected third-quarter economic growth. The People's Bank of China is expected to hold the one-year loan prime rate at 3.00% and the five-year rate at 3.50%. The growth rebound, driven by strong exports, reduces the need for near-term monetary easing despite weak domestic consumption.
Firstpost Business·


