<\/p>\n
The one-year loan prime rates remained at 3 per cent.<\/p>\n
China kept benchmark lending rates unchanged for a 14th consecutive month on Monday (Jul 20), in line with market expectations.<\/p>\n
The unchanged loan prime rates (LPRs) suggest that policymakers remain patient, keeping interest rates on hold despite softer-than-expected second-quarter economic data that underscored the uneven growth in the world\u2019s second-largest economy.<\/p>\n
The one-year LPR was kept at 3 per cent, while the five-year LPR was unchanged at 3.5 per cent.<\/p>\n
In a Reuters survey of 23 market participants conducted last week, all participants predicted no change to either of the two rates.<\/p>\n
China\u2019s economy expanded at its slowest pace in more than three years in Q2, missing forecasts, with weak household consumption clouding strong manufacturing and exports and intensifying concerns over the long-term sustainability of its unbalanced growth model.<\/p>\n
China\u2019s economy is facing a structural mismatch between strong supply and weak demand, the People\u2019s Bank of China (PBOC) said earlier this month, pledging to maintain an appropriately loose monetary policy and ramp up financial support to revive domestic consumption.<\/p>\n
Attention will be shifted to the upcoming Politburo meeting, where policymakers are expected to set the economic policy agenda for the second half of the year.<\/p>\n
\u201cAll eyes are now on the end-July economy-focused Politburo meeting,\u201d said Kelvin Lam, senior China+ economist at Pantheon Macroeconomics. \u201cWe will be looking for signs that policymakers recognise the importance of stabilising household balance sheets, potentially preparing a more comprehensive plan to stabilise the property sector and break the negative feedback loop between falling asset prices and weakening consumer confidence.\u201d<\/p>\n
\u201cOn the monetary side, low but positive inflation shouldn\u2019t impede further People\u2019s Bank of China easing if it is deemed necessary,\u201d said Lynn Song, chief economist for Greater China at ING. \u201cPolicymakers have made efforts to maintain ample liquidity, and we expect there is a solid chance we will see a rate cut within the quarter.\u201d<\/p>\n
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The one-year loan prime rates remained at 3 per cent. China kept benchmark lending rates unchanged for a 14th consecutive month on Monday (Jul 20), in line with market expectations. The unchanged loan prime rates (LPRs) suggest that policymakers remain patient, keeping interest rates on hold despite softer-than-expected second-quarter economic data that underscored the uneven […]<\/p>\n","protected":false},"author":1,"featured_media":6461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/China-economey-76-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/China-economey-76-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/China-economey-76-300x199.jpg",300,199,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/07\/China-economey-76.jpg",1920,1275,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/6460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=6460"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/6460\/revisions"}],"predecessor-version":[{"id":6462,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/6460\/revisions\/6462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/6461"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=6460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=6460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=6460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}