China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track - as seen from better-than-expected first-quarter data.
grew at a faster-than-expected pace in the first quarter, reducing the urgency for authorities to ease monetary policy to aid recovery, traders and economists said.
In a poll of 30 market watchers, 27 predicted no change to either the one-year LPR or five-year tenor . "With the better-than-expected reading in Q1 and the low base from last year in the coming quarters, the 'around 5.0%' growth target for this year could be a low-hanging fruit," Citi analysts said in a client note.
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