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China seen cutting key lending benchmarks as economy slows

China seen cutting key lending benchmarks as economy slows
China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy.FULL NOTETwenty-one, or nearly 66%, of all respondents expected the one-year LPR - on which most new and outstanding loans are based - to be cut by 10 basis points to 3.55% from 3.65%. Others projected the cut to range from five to 15 bps. This article was written... Read More
Posted: Jun 19 2023, 07:25
Author Name: forexlive
Views: 112258

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