China kept
benchmark lending rates unchanged at their monthly fixing on
Monday, matching expectations with Beijing seen as having
limited scope for monetary easing amid downward pressure on the
yuan.
.
SHANGHAI/SINGAPORE (Reuters) -China kept benchmark lending rates unchanged at their monthly fixing on Monday, matching expectations with Beijing seen as having limited scope for monetary easing amid downward pressure on the yuan. The decision came after the People's Bank of China (PBOC) surprised markets last week by holding its medium-term lending facility rate steady. The central bank has stood pat despite recent data underscoring the uneven nature of China's economic recovery and deflationary pressures pushing up real borrowing costs.
China is widely
expected to leave lending benchmark rates unchanged at a monthly
fixing on Monday, a Reuters survey showed, after the central
bank surprised markets by holding a key policy rate. -January 18, 2024 at 11:38 pm EST
- MarketScreener
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China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, a Reuters survey showed, after the central bank surprised markets by holding a key policy rate.