EconomyChina

China's central bank points to low loan rates, steady policy

China's central bank said its loan rates are already low compared with other countries. It also promised ample liquidity and a stable yuan, a sign it may stay cautious about rate cuts while borrowing stays slow.

Illustration: A paper-cut city skyline of a Chinese financial district at dawn, with a small paper banknote bundle resting in the foreground beside a folded coral paper yuan-colored coin.
Illustration

Set against other economies, China's loan rates look fairly low, the central bank said in its third-quarter monetary policy report.

The bank also pledged ample liquidity, meaning plenty of cash in the banking system, along with stability for the yuan, China's currency.

Illustration: Seen from above, a teal paper river of cash flowing through cream paper banking halls and into small paper houses, shops and a factory, lit by soft warm studio light.
Illustration

Growth is holding up, but borrowing demand remains sluggish. That mix suggests the bank may stay cautious about cutting interest rates for now.

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6.69266.648013 Oct13 Nov

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