China’s balancing act: protecting banks in times of real estate downturn
China’s central bank, the People’s Bank of China (PBOC), recently opted to maintain its five-year loan prime rate (LPR) at 4.2%, diverging from market expectations of a rate cut. The decision was also coupled with a modest reduction in the one-year rate to 3.45%. This move has led to speculation that Beijing is grappling with […]