Chinese Banks Keep Lending Rates Unchanged in Line With PBOC

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(Bloomberg) -- China’s commercial lenders kept their benchmark lending rates unchanged on Wednesday, following the central bank’s move last week to hold policy rates steady as officials assess the economic impact of existing stimulus. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsTrudeau’s Murder Claim Risks Upending US Courtshi

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.OTTAWA — Canada's inflation rate has been rising for two consecutive months as underlying price pressures remain stubbornly high, a combination that makes the Bank of Canada's next interest rate decision more challenging.

Forecasters were widely anticipating inflation to come in hotter last month due to higher gasoline prices. But Tuesday' -- A Bank of Canada official said she sees evidence higher rates are working to cool the economy, blaming a hotter-than-expected inflation reading on monthly volatility driven in part by energy and rental costs.Most Read from BloombergVegas’ Newest Resort Is a $3.

 

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