China leaves benchmark lending rates unchanged as expected in Feb

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The Star 2d ago

China leaves benchmark lending rates unchanged as expected in Feb - The Star

Quick Summary:

SHANGHAI: China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability.

In a Reuters poll of 30 market participants conducted this week, all of them expected no changes to either of the two rates.

However, the pace of lending growth compared with a year earlier hit a record low, indicating credit demand remains sluggish amid economic uncertainties.