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(Bloomberg) China’s commercial lenders held their benchmark lending rates in line with the central bank’s recent move to maintain borrowing costs, as attention shifts toward the likelihood of more easing in the coming months. Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksTrump Retires ‘DeSanctimonious’ Insult After DeSantis Backs HimP ....
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China's central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. Tumbling credit growth and rising deflation risks in July have called for more monetary easing measures to arrest the slowdown, market watchers said, but a weakening Chinese yuan has constrained the central bank's efforts to imminently ease policy. "MLF rate cuts are seen as less likely at this juncture given the weakness in the yuan – USD/RMB is currently attempting to make a fresh year-to-date high," analysts at HSBC said in a note. ....