64% of 36 market watchers expect China's benchmark lending rates to remain unchanged amid economic slowdown, according to a Reuters poll.
China is anticipated to maintain its benchmark lending rates amid economic slowdown, according to a Reuters poll. Despite weaker-than-expected Q2 data, 64% of 36 market watchers expect one-year and five-year LPRs to remain unchanged. Beijing's easing efforts are limited by a fragile yuan, lower interest rates compared to major economies, monetary policy divergence, and narrowing interest margins at commercial banks.
July 19, 2024
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