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Dukai Photographer | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines overnight, as investors parsed Japan’s trade data and awaited China’s loan prime rate decision. Japan’s exports dropped 2.6% year over year in July, notching its steepest drop in over four years. The fall was sharper than the 2.1% contraction expected by … Read more
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China kept its benchmark lending rates steady on Monday as the country continues to grapple with weak consumer sentiment and softening growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and … Read more
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China expectedly kept its benchmark lending rates unchanged Friday, following the sweeping monetary easing measures rolled out last month to boost growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and … Read more
The People’s Bank of China (PBOC) building in Beijing, China, on Thursday, Dec. 15, 2022. Bloomberg | Getty Images China expectedly kept its loan prime rates unchanged Monday, with the 1-year LPR at 3.1% and the 5-year at 3.6% as the central bank appears focused on stabilizing the yuan amid trade tensions with the U.S. … Read more
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