China rates unchanged again

China’s steady LPR decision underscores a cautious, targeted easing approach as policymakers weigh domestic weakness against financial stability. Summary: China left LPRs unchanged for an eighth month One-year LPR at 3.00%, five-year at 3.50% Move aligns fully with market expectations Policy focus remains on targeted easing tools Broader rate cuts seen later in Q1–Q2 China…