China sees loan prime rates fall for first time in 10 months
The market-based lending benchmarks fell for the first time since August 2022 on Tuesday, June 20.
The market-based lending benchmarks fell for the first time since August 2022 on Tuesday, June 20.
The US Federal Reserve has waived interest rate increase but signalled that two more rate hikes are on the way, the central bank said.
One key factor cited was that bank loan growth will slow to 0.5 per cent, well down from the estimate of 1.3 per cent made in March.
The move comes as a subsequent adjustment following last year's rate cuts by some major banks in China.