PBOC walks tightrope: China keeps benchmark rates steady in latest move
Beijing, China – The People’s Bank of China (PBOC) has decided to maintain its benchmark interest rates unchanged, continuing its delicate balance in managing the country’s economic growth while avoiding risks of overheating. This decision was announced amidst ongoing concerns about the potential impact of rising inflation and increasing debt levels on China’s economy. The PBOC’s move to leave the benchmark rates steady reflects its cautious approach to navigating the complex challenges facing the Chinese …