By Tuba Sahin
ANKARA (AA) - China on Friday kept its benchmark interest rates unchanged for the fifth consecutive month, in line with the market forecast.
The People’s Bank of China held the one-year loan prime rate (LPR) – the medium-term lending facility uses for corporate and household loans – at 3.65%.
Meanwhile, the five-year LPR, a reference for mortgages, was left at 4.3%.
China's annual inflation rate rose to 1.8% in December 2022, from 1.6% in November.
The Chinese economy grew 3% year-on-year in 2022, better than the market estimates but missed the official target of around 5.5%.