SHANGHAI/SINGAPORE : China kept its benchmark lending rates unchanged for the eighth month in April on Thursday, matching market expectations.The one-year loan prime rate (LPR) was kept at 3.65 per cent, while the five-year LPR was unchanged at 4.30 per cent.In a Reuters poll of 30 market watchers
SHANGHAI/SINGAPORE : China kept its benchmark lending rates unchanged for the eighth month in April on Thursday, matching market expectations.
The one-year loan prime rate was kept at 3.65 per cent, while the five-year LPR was unchanged at 4.30 per cent.Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. China last cut both LPRs in August to boost the economy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India and China snap up Russian oil in April above 'price cap'MOSCOW : India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations.That means the Kremlin is enjoying stronger revenues despite the West's attempts to curb funds for Russia's milit
Read more »
China may hold lending benchmarks steady as recovery remains on track -analystsSHANGHAI/SINGAPORE : China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track - as seen from better-than-expected first-quarter data.China's economy grew at a faster-than-expected pace in the first q
Read more »
The best things to do in Singapore this week: April 17 to 23The best things to do in Singapore this week include the best thing you can do for the environment; after all, Earth Day falls on April 22! There is the best way to spook that ‘ghosting’ friend out of work and the best ways to embrace our diverse world – with music, dance, food and shopping. Celebrating the queer roots...
Read more »
Italy's data watchdog: ChatGPt can resume on April 30 if OpenAI takes 'useful steps'ROME : Italy's data protection watchdog is ready to reactivate the ChatGPT chatbot on April 30 if its maker OpenAI takes 'useful steps' to address the agency's concerns, its chief Pasquale Stanzione said in an interview on Tuesday. Microsoft Corp-backed OpenAI took ChatGPT offline in Italy in late March
Read more »
Booze news: New spirits every tippler should try this AprilAs enthusiastic imbibers, we're always on the hunt for new booze to restock our home bars. If you're the same, we thought to round up some new spirits that we've been enjoying lately. From whiskies to gins, rums and liqueurs. Here are new spirits every tippler should try this April. [embed]https://www.instagram.com/p/CqJ9X5oyxL0/[/embed] In an exclusive partnership with Asiaeuro Wines & Spirits,...
Read more »
While You Were Sleeping: 5 stories you might have missed, April 19WHO warns Covid-19 pandemic still volatile The World Health Organisation on Tuesday warned the Covid pandemic was still volatile, saying there could be further trouble before the virus settles into a predictable pattern. Read more at straitstimes.com.
Read more »