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China Holds Interest Rates Steady Amid Economic Growth

4/20/2026

Summary

Story summary

The People's Bank of China left the one-year loan prime rate at 3.00% and the five-year LPR at 3.50%, the 11th straight month without changes.
The decision reflects 5.0% growth in the first quarter and rising inflation, reducing the need for easing.
The PBOC aims to maintain a 'supportive' stance while assessing uncertainties from the Middle East conflict.
China's Finance Minister Lan Fo'an urged expanding domestic demand and boosting consumption for economic stability.

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Story summary

The People's Bank of China left the one-year loan prime rate at 3.00% and the five-year LPR at 3.50%, the 11th straight month without changes.
The decision reflects 5.0% growth in the first quarter and rising inflation, reducing the need for easing.
The PBOC aims to maintain a 'supportive' stance while assessing uncertainties from the Middle East conflict.
China's Finance Minister Lan Fo'an urged expanding domestic demand and boosting consumption for economic stability.