Home The Watchforex news China predicted to leave benchmark loan rates unchanged in Sept

China predicted to leave benchmark loan rates unchanged in Sept

by Mennatullah Hamzawy
China's central bank

China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Wednesday, as fresh signs of economic stabilisation and a weakening yuan constrained further monetary easing efforts, according to a Reuters  survey.

In a poll of 29 market analysts and traders, all participants predicted the one-year loan prime rate (LPR) would stay unchanged at 3.4 percent, after the central bank kept the medium-term policy rate steady last week, survey showed.

For the five-year tenor, 26, or about 9o percent of all respondents, expected it to remain unchanged at 4.2 percent, while the other three participants forecast a marginal decrease of 5 to 10 basis points.

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