China’s benchmark one‑year loan prime rate stayed at 3.00% in April, unchanged for the eleventh consecutive month.
The five‑year LPR, used as a mortgage reference, remained steady at 3.50%, matching market expectations.
Q1 GDP growth accelerated to roughly 5%, reducing urgency for broad monetary easing and prompting reliance on targeted tools.
Analysts note inflation firming and external risks persist, so PBOC may use liquidity injections or reserve‑requirement tweaks instead of cuts.