Mumbai, April 20 -- China's central bank has decided to keep its main lending rates the same for the 11th month in a row. Officials are being cautious as they assess how rising tensions in the Middle East and higher global oil prices could affect the economy.
The one-year loan prime rate, which influences most new loans, remains at 3.0%, while the five-year rate, often used for home loans, stays at 3.5%. Policymakers appear less pressured to cut rates now, as the economy shows steady growth and concerns about falling prices have eased.
Published by HT Digital Content Services with permission from Capital Market....