CNY: PBoC on hold as Yuan firms – BNY

BNY’s Head of Markets Macro Strategy Bob Savage notes that the People’s Bank of China kept its 1-year and 5-year LPR unchanged at 3% and 3.5%, balancing growth support and currency stability. Despite weak GDP and persistent deflationary pressures, authorities are focusing on services consumption.

Feb 25, 2026 0 2

BNY’s Head of Markets Macro Strategy Bob Savage notes that the People’s Bank of China kept its 1-year and 5-year LPR unchanged at 3% and 3.5%, balancing growth support and currency stability. Despite weak GDP and persistent deflationary pressures, authorities are focusing on services consumption.