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Business & Economics

China's central bank follows U.S. Fed in keeping rates steady as tariff threats pressure yuan

CNBC
Summary
Nutrition label

87% Informative

The People's Bank of China kept the 1-year loan prime rate at 3.1% and the 5-year LPR at.

3.6% , where they have been since a quarter-percentage-point cut in October .

The rate decision follows the U.S. Federal Reserve's move to hold benchmark interest rates.

Beijing juggles propping up growth and stabilizing its currency amid trade frictions.

VR Score

94

Informative language

97

Neutral language

47

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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