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Published 13 days ago

China set to keep lending benchmark LPRs unchanged in April

Summary by WTVB

SHANGHAI (Reuters) – China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further monetary stimulus to aid a fragile recovery. A weakening yuan also continues to restrict the headroom available for Beijing to easy policy. The loan prime rate (LPR) normally charged to banks’ best clients is calculated each month after 20 desig…

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China set to keep lending benchmark LPRs unchanged in April

SHANGHAI (Reuters) – China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further monetary stimulus to aid a fragile recovery. A weakening yuan also continues to restrict the headroom available for Beijing to easy policy. The loan prime rate (LPR) normally charged to banks’ best clients is calculated each month after 20 desig…

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