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Al Jazeera
Al Jazeera
Business

China signals caution on inflation despite COVID, Ukraine woes

China has kept key interest rates for corporate and household loans steady despite market expectations [File: Jason Lee/Reuters]

China held key interest rates for corporate and household loans steady on Wednesday, a surprise move that signals Beijing remains cautious about policy easing even as COVID-19 and the Ukraine war weigh on growth.

The People’s Bank of China (PBOC) kept the one-year loan prime rate at 3.7 percent and the five-year rate at 4.6 percent.

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