SHANGHAI : China is expected to keep benchmark lending rates unchanged for the third straight month on Monday, a Reuters survey showed, as policymakers remain reluctant to drive the yuan lower by further easing monetary conditions.
Most new and outstanding loans in China are based on the one-year LPR, which stands at 3.65 per cent. The five-year rate influences the pricing of mortgages and is now at 4.30 per cent. China last cut both LPRs in August to boost the economy. Authorities are seeking to support economic growth without triggering financial instability. Lowering interest rates to prop up the slowing economy could further widen China's monetary policy against major economies, especially the United States, which could encourage capital outflows.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tourism revival likely boosted Thailand's GDP growth in Q3- Reuters pollBENGALURU : Thailand's economy grew at its fastest pace in more than a year last quarter, boosted by a rebound in tourism and private consumption, but the outlook was clouded by risks of a global economic slowdown, a Reuters poll predicted.The recent recovery in tourism, which accounts for about 12 per ce
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Taiwan October export orders likely contracted again, but at slower pace- Reuters pollTAIPEI : Taiwan's export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday.The median forecast from a poll of 13 economists was for export orders to fall 1 per cent from a year earlier. Forecasts
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China central bank to step up policy implementation, promote healthy property marketHONG KONG : China's central bank said on Wednesday it will step up the implementation of its prudent monetary policy and keep liquidity reasonably ample.The People's Bank of China said it will maintain reasonable growth in money supply and social financing, also attach great importance to the potential po
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oil falls as geopolitical tensions ease, China COVID-19 concerns returnSINGAPORE: Oil prices fell for a second day in early Asian trade on Thursday (Nov 17) as concerns over geopolitical tensions eased and rising numbers of COVID-19 cases in China added to demand worries in the worl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Republican-controlled US House will sharpen China focus, monitor Ukraine aidThe new majority is seen raising further guardrails already in place to roll back Chinese trade and technology. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »