{"id":124071,"date":"2024-12-20T18:14:14","date_gmt":"2024-12-20T18:14:14","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected"},"modified":"2024-12-20T18:45:25","modified_gmt":"2024-12-20T18:45:25","slug":"china-keeps-benchmark-lending-rates-constant-as-expected","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected","title":{"rendered":"China keeps benchmark lending rates constant as expected"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Tanzania. <\/strong><\/span>The People\u2019s Bank of China on Friday left its benchmark lending rates unchanged for a second consecutive meeting, in line with market expectations.<\/p>\n<p>The one-year loan prime rate (LPR), a key metric for corporate and household loans, remained steady at 3.10%.<\/p>\n<p>Similarly, the five-year LPR, which serves as a benchmark for mortgages, stayed at 3.6%.<\/p>\n<p>Both rates remain at record lows, following earlier reductions in July and October.<\/p>\n<p>The decision comes in the wake of the US Federal Reserve\u2019s widely anticipated 25-basis-point rate cut on Wednesday. The Fed also signaled plans for only two interest rate reductions in 2025, down from the four projected in its September outlook.<\/p>\n<p>Earlier this month, Chinese policymakers at key economic agenda-setting meetings reaffirmed their commitment to further monetary easing. They pledged additional measures, including potential interest rate cuts, to stimulate economic growth.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Tanzania<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. The People\u2019s Bank of China on Friday left its benchmark lending rates unchanged for a second consecutive meeting, in line with market expectations. The one-year loan prime rate (LPR), a key metric for corporate and household loans, remained steady at 3.10%. Similarly, the five-year LPR, which serves as a benchmark for mortgages, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":124070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[1059,13491,711],"class_list":["post-124071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-lending-rates","tag-peoples-bank-of-china","tag-tanzania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China keeps benchmark lending rates constant as expected - Tanzania<\/title>\n<meta name=\"description\" content=\"The People\u2019s Bank of China on Friday left its benchmark lending rates unchanged for a second consecutive meeting, in lin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China keeps benchmark lending rates constant as expected\" \/>\n<meta property=\"og:description\" content=\"The People\u2019s Bank of China on Friday left its benchmark lending rates unchanged for a second consecutive meeting, in lin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-20T18:14:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-20T18:45:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/12\/sm_1734707581.476615.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China keeps benchmark lending rates constant as expected\",\"datePublished\":\"2024-12-20T18:14:14+00:00\",\"dateModified\":\"2024-12-20T18:45:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected\"},\"wordCount\":157,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/12\/sm_1734707581.476615.jpg\",\"keywords\":[\"lending rates\",\"People\u2019s Bank of China\",\"tanzania\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/china-keeps-benchmark-lending-rates-constant-as-expected\",\"name\":\"China keeps benchmark lending rates constant as expected - 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