{"id":80239,"date":"2023-02-20T11:07:05","date_gmt":"2023-02-20T07:07:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=80239"},"modified":"2023-02-20T11:07:07","modified_gmt":"2023-02-20T07:07:07","slug":"china-remains-the-benchmark-lending-rate-for-the-sixth-consecutive-month","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/china-remains-the-benchmark-lending-rate-for-the-sixth-consecutive-month\/02\/20\/market-updates\/","title":{"rendered":"China remains the benchmark lending rate for the sixth consecutive month"},"content":{"rendered":"\n<p>China kept its benchmark lending rates unchanged for the sixth consecutive month in February, in line with expectations, as the world&#8217;s second-largest economy showed more signs of lasting recovery from the recession caused by the COVID-19 pandemic.<\/p>\n\n\n\n<p>A batch of better-than-expected data recently points to a recovery in economic activity after Beijing ended its strict zero Covid strategy in December and shifted to a growth-friendly policy.<\/p>\n\n\n\n<p>China kept the one-year lending base rate at 3.65 percent, while the five-year lending rate remained unchanged at 4.30 percent.<\/p>\n\n\n\n<p>New bank loans in China jumped more than expected to a record 4.9 trillion yuan in January as the central bank looked to start a recovery, while new home prices rose for the first time in a year after Beijing boosted its support for the real estate sector, which accounts for a quarter of the local economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China kept its benchmark lending rates unchanged for the sixth consecutive month in February, in line with expectations, as the world&#8217;s second-largest economy showed more signs of lasting recovery from the recession caused by the COVID-19 pandemic. A batch of better-than-expected data recently points to a recovery in economic activity after Beijing ended its strict &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6832,6863,6885,8603,8477],"class_list":["post-80239","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-china","tag-covid-19-2","tag-fed","tag-lockdowns","tag-risk-aversion"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=80239"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80239\/revisions"}],"predecessor-version":[{"id":80240,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80239\/revisions\/80240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31484"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}