China keeps benchmark lending rates unchanged for 16th consecutive month, more RRR cut expected later this year
STOCKS
China keeps benchmark lending rates unchanged for 16th consecutive month, more RRR cut expected later this year
STOCKS

China keeps benchmark lending rates unchanged for 16th consecutive month, more RRR cut expected later this year

 

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China maintained its benchmark lending rate unchanged in August for the 16th consecutive month, in line with market expectations.

Analysts believe the central bank is likely to lower banks' reserve requirement ratio further in the remainder of the year to boost growth after economic data for July showed weakness across the board in the world's second largest economy.

China kept the one-year loan prime rate (LPR) at 3.85 per cent and five-year LPR at 4.65 per cent, said the People's Bank of China (PBOC).

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