Wednesday, August 19

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Tech Thirteen years after the 60 Minutes reveal, Amazon's drone bet is finally scaling Economy China holds its benchmark lending rates for a 15th straight month Companies Target raises its outlook as a $994 million tariff refund flatters a real recovery Markets Washington tightens the screws on Iran as tanker escorts revive Hormuz traffic Personal Finance When driving across town for cheaper gas actually pays off Tech OpenAI counters Anthropic with a no-retention approach to AI safety monitoring Economy Trump pauses 50% tariffs as the US and Canada close in on a trade deal Companies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says no Tech Thirteen years after the 60 Minutes reveal, Amazon's drone bet is finally scaling Economy China holds its benchmark lending rates for a 15th straight month Companies Target raises its outlook as a $994 million tariff refund flatters a real recovery Markets Washington tightens the screws on Iran as tanker escorts revive Hormuz traffic Personal Finance When driving across town for cheaper gas actually pays off Tech OpenAI counters Anthropic with a no-retention approach to AI safety monitoring Economy Trump pauses 50% tariffs as the US and Canada close in on a trade deal Companies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says no

Topic: pboc

The People's Bank of China headquarters in Beijing

Wednesday, 8/19, 09:58 PM

China holds its benchmark lending rates for a 15th straight month

China kept its one-year loan prime rate at 3.0% and the five-year rate at 3.5% in August, the 15th consecutive month without a change, even as loan demand contracts and domestic spending stays weak.
Razor-thin bank margins and a preference for fiscal tools explain the hold.

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