China central bank, PBoC, maintained its key lending rates for the eighth consecutive month. The loan prime rate for one-year and five-year loans remained at 3.65% and 4.3%, respectively. The central bank also kept its medium-term policy rate at 2.75% and continued to provide liquidity support for the economy by rolling over maturing medium-term policy loans with higher cash offerings for the fifth consecutive month. China’s economy grew by 4.5% YoY in Q1 2023, surpassing market estimates of 4% and accelerating from a 2.9% gain in Q4 2022. The PBoC last cut both prime rates in August 2022.