(Bloomberg) -- Chinese banks maintained their benchmark lending rates on Wednesday, following the central bank’s recent decision to stand pat on monetary...
-- Chinese banks maintained their benchmark lending rates on Wednesday, following the central bank’s recent decision to stand pat on monetary policy.Real Estate Pain Is Showing Up in an Obscure Investment Product
The loan rates are based on the interest rates that 20 banks offer their best customers, and are published by the PBOC monthly. They are quoted as a spread over the central bank’s one-year policy rate, or the medium-term lending facility. While the central bank is expected to cut interest rates and lower banks’ required cash reserves later this year, the latest economic data published this week showed that the country’s industrial sector and investment recorded a solid start to the year. That may dent the urgency for policymakers to step up stimulus.
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