China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady ...
SHANGHAI/SINGAPORE - China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady last week at a time when the broad economy is starting to show some signs of improvement.
Most new and outstanding loans in the world's second-largest economy are based on the one-year LPR, which stands at 3.45%.Meanwhile, China made its biggest-ever reduction in the five-year LPR, which serves the mortgage reference rate, to 3.95% in February to prop up the struggling property market. "Policymakers aim to prevent such depreciation, as indicated by their commitment to maintaining exchange rate stability in the National People's Congress Work Report."
Investors have since ramped up bets that authorities will roll out more monetary easing measures, including a further reduction to bank reserves, to support the economy. Married Canadians, make sure you consider all your options before filing your tax returns! You could be missing out on a lot of cash. The post Married Canadians: Know This Before Filing Your Taxes appeared first on The Motley Fool Canada. -- Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.
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