China maintains key lending rates

The People's Bank of China decided to keep the benchmark lending rate for one-year loans unchanged at 3%, the same as the previous month. The rate for loans over five years remained at 3.5%. Bank data shows that yuan-denominated loans increased by 10.72 trillion yuan (approximately $1.58 trillion) in the first half of 2026, reaching a total of 282.63 trillion yuan, representing a 5.2% annual increase. Additionally, the total financing outstanding to the real economy rose to 462.06 trillion yuan, up 7.4% annually. China continues to implement a moderate easing monetary policy in 2026.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article