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China leaves lending benchmarks unchanged for 11th month in April
The unchanged rates followed 5.0% first-quarter growth and a pickup in inflation, reducing pressure for fresh monetary easing, Reuters reported.
- On Monday, the People's Bank of China held benchmark loan prime rates unchanged for the 11th consecutive month, keeping the one-year rate at 3.0% and the five-year rate at 3.5%, in line with market expectations.
- China's economy grew 5.0% in the first quarter, accelerating from 4.5% in the prior quarter and reaching the top of its 4.5%-5.0% full-year target range, reducing urgency for fresh monetary easing.
- Amid Middle East tensions, surging global oil prices clouded the growth outlook; the PBOC maintained a "supportive" and "moderately loose" monetary stance to shore up growth while keeping currency stable.
- DBS analysts noted policymakers will likely pursue targeted easing rather than broad-based rate cuts, while Societe Generale expects no additional fiscal stimulus this year under a contained conflict scenario.
- Speaking at an International Monetary Fund meeting in Washington last week, China's central bank governor Pan Gongsheng warned that rising geopolitical tensions, protectionism, and trade barriers have fueled financial market volatility and weighed on global growth.
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Noticias ao Minuto
Noticias ao MinutoChina's central bank has had the margin to lower rates in recent months, but fears of financial bubbles and worsening industrial overcapacity have prevailed, economists say.
·Portugal
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PBOC holds rates steady for 11th month as Q1 growth hits top of target
The People’s Bank of China stood pat on its main lending rates at record lows for an 11th straight month in April 2026, matching market expectations. The one-year LPR was held at 3.0% and the mortgage-linked five-year LPR remained at 3.5%.
·United States
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Total News Sources19
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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