SHANGHAI/SINGAPORE :China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery called for more stimulus.China's economy grew at a frail pace in the second quarter, raising investor hopes for mo
SHANGHAI/SINGAPORE :China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery called for more stimulus.
However, many market watchers said the stimulus could be targeted and limited in scale as any more rate cuts could widen the interest rate differentials with the United States further and pressure an already weak yuan. In a poll of 26 market watchers conducted this week, all participants predicted no change to either of the two rates.
The medium-term lending facility rate serves as a guide to the LPR and markets mostly use the MLF rate as a precursor to any changes to the lending benchmarks.
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