The People's Bank of China has lowered its benchmark lending rates for the first time in seven months to mitigate the impact of US tariffs. The 1-year and 5-year loan prime rates were cut to record lows of 3.0% and 3.5%. Analysts expect the cuts to have a minor impact on stock markets, with ongoing economic uncertainties affecting confidence. China's economy grew by 5.4% in Q1, but trade uncertainties threaten its annual growth target. Mixed economic data shows resilient industrial output but weak retail sales. Global banks have raised their economic forecasts for China following a temporary pause in US tariffs. Teljes cikk (Euronews.com)