00:00It's Benzinga, bringing Wall Street to Main Street.
00:03China left its benchmark loan prime rates unchanged for the seventh straight month in December,
00:08matching market expectations, according to Reuters. The one-year LPR remained at 3.00%,
00:14while the five-year LPR stayed at 3.50%. A Reuters survey of 25 market participants showed
00:21all respondents expected no change. At the annual Central Economic Work Conference,
00:26Chinese leaders pledged to maintain a proactive fiscal policy next year to boost consumption
00:32and investment and support economic growth targeted at roughly 5%.
00:36China's economy slowed in November as factory output, retail sales,
00:41and new bank lending weakened amid a property downturn.
00:44For all things money, visit Benzinga.com.
Comments