China maintains steady lending rates for 9th consecutive month in May, aligning with market expectations. Limited room for significant monetary easing due to a weaker yuan and widening yield differentials with the US. Despite signs of economic slowdown and hopes for further easing measures, analysts anticipate a potential reserve ratio cut by the People’s Bank of China (PBOC) to address capital outflow risks. China’s one-year and five-year loan prime rates remain unchanged at 3.65% and 4.30% respectively.
Read more at Reuters
Summary
Article Name
China Steady on Lending Rates; Market Eyes Reserve Ratio Cut
Description
China maintains steady lending rates for 9th consecutive month in May, aligning with market expectations.
Author
Susan Jane
Publisher Name
Reuters
Publisher Logo
