Chinese banks have chosen to keep their benchmark lending rates unchanged after a significant decrease last month.
The one-year loan prime rate will stay at 3.10%, while the five-year rate is set at 3.60%, according to the People"s Bank of China.
This decision is in line with the predictions of economists surveyed by Bloomberg, indicating a cautious approach to monetary policy in light of the current economic conditions.
The stability in lending rates suggests that banks are evaluating the impact of previous cuts before making any further adjustments.