Anonymousabout 3 hours ago
The People's Bank of China kept its benchmark lending rates unchanged for a tenth consecutive month on April 20, 2026, with the 1-year Loan Prime Rate at 3.0% and the 5-year at 3.5%, as Q1 GDP growth of 5.0% reduced urgency for fresh stimulus. But the decision lands amid the worst oil supply disruption in modern history — Iran's blockade of the Strait of Hormuz — forcing Beijing to weigh the competing pressures of deflationary domestic conditions against imported energy inflation and yuan stability.