China Monetary Stimulus Clouded by Recovery Signs, Fed Hikes – Bloomberg

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Chinese banks kept their main lending rates unchanged on Monday, with the start of a gradual economic recovery from Covid lockdowns and tighter monetary policy in the rest of the world clouding the outlook for more central bank stimulus. 
The one-year loan prime rate was left at 3.7%, in line with most forecasts and where it’s been since a reduction in January. The five-year rate, a reference for mortgages, was also maintained at 4.45%, following a record 15-basis point cut last month. 

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