The People's Bank of China (PBoC) held its one-year loan prime rate at 3.1% and the five-year rate at 3.6% in December, both at record lows. This aligns with market expectations and marks the second straight month of unchanged rates. The decision follows Chinese leaders' plans to boost the 2025 budget deficit to 4% of GDP and adopt a moderately loose monetary policy next year to tackle economic challenges and drive consumption.

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