China refrained from an interest rate cut on Monday despite the economic challenges as such a move would go against the hawkish stance of global central banks and pose a threat of capital outflow.
After a reduction in May, the People's Bank of China left the five-year loan prime rate or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com