China widely expected to keep lending benchmark LPRs unchanged in Aug

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The Star 2h ago

China widely expected to keep lending benchmark LPRs unchanged in Aug - The Star

Quick Summary:

SHANGHAI: China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest rates in July.

"China is tipped to keep its one- and five-year LPR static tomorrow after the surprise cuts last month," analysts at OCBC Bank said in a note.

"This is a bid to improve transmission of rate cuts by focusing on money market rates and liquidity and is not expected to alter the projected path of another rate cut in the fourth quarter of 2024".