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China Holds Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates unchanged for the fourth straight time on Thursday. The PBoC left its one-year loan prime rate unchanged at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The decision matched expectations.
RTTNews | 3 dagar sedan
China Services Activity Growth Softens In January
China's services activity continued to expand in January but the growth softened amid slowing new business growth and job shedding, survey results from S&P Global revealed on Wednesday. The Caixin services Purchasing Managers' Index posted 51.0 in January, down from 52.2 in December. The reading was forecast to edge up to 52.3. The score has remained above 50.0 signalling expansion since January.
RTTNews | 18 dagar sedan
China Manufacturing Growth Weakens In January
China's manufacturing sector expanded at a slower pace in January as staffing declined the most since 2020 and exports orders fell for the second consecutive month amid international policies posing significant challenges for the economy. The Caixin Purchasing Managers' Index fell to 50.1 in January from 50.5 in December, survey results from S&P Global showed on Monday. However, the reading abov
RTTNews | 20 dagar sedan
