SHANGHAI (Reuters) -China is expected to leave benchmark lending rates unchanged for the fourth month in a row next Monday, a Reuters survey showed, after the central bank kept a key policy rate steady following the U.S. Federal Reserve’s rate cut.
Despite a string of recent data suggesting the Chinese economy is losing momentum, authorities appear to be not in a rush to roll out major stimulus measures amid resilient exports and a recent stock market rally, market watchers said.
The loan prime rate (LPR), normally charged to banks’ best clients, is calculated each month after 20 designated commercial banks submit propose rates to the People’s Bank of China (PBOC).
In a Reuters survey of 20 market watchers this week, all respondents expected both the one-year and five-year LPRs to remai