SHANGHAI -China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after the central bank pledged steps to boost a COVID-ravaged economy.
The imminent golden week holiday, the decision by the People’s Bank of China to leave its policy rate unchanged this week and a new mortgage rate mechanism have made a cut in the loan prime rate (LPR) on Friday unlikely.
“The upcoming LPR announcement, on the last working day before the Lunar New Year break, may not be the best moment,” Mark Williams, chief Asia economist at Capital Economics wrote in a note to clients. “We think next mo…
Keep on reading: China seen keeping benchmark lending rates unchanged for fifth month
