China Keeps Interest Rates Stable for 13th Month

Markets expect China to keep its benchmark lending rates unchanged for the thirteenth consecutive month in June, at 3.00% for one-year loans and 3.50% for five-year loans, amid slowing domestic demand and a mixed economic growth pattern characterized by a rebound in manufacturing and a decline in the real estate market. This comes as the government continues to monitor the market closely and avoids large-scale stimulus packages, while the central bank maintains its dominance over short-term markets, with expectations of a symbolic 10 basis point rate cut in the second half of the year.

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