Mumbai, May 20 -- The People's Bank of China left its benchmark lending rates unchanged in May 2026, keeping the one-year LPR at 3.0% and the five-year LPR at 3.5% for a 12th consecutive month. The central bank adopted a cautious stance amid mounting uncertainty from the Middle East conflict, rising energy-driven inflation pressures, and slowing domestic growth. Recent data showed industrial production and retail sales losing momentum, while policymakers continued to support the economy through a moderately loose monetary policy approach.
Published by HT Digital Content Services with permission from Capital Market....