China surprisingly kept its benchmark lending rates steady on Wednesday, with markets seeing the move as Beijing's cautious approach to rolling out more easing measures as the economy slows due to COVID-19 lockdowns.
In contrast to most major economies that have started to tighten monetary policy to combat inflation, China has stepped up easing to cushion the slowdown.
Marco Sun, chief financial markets analyst at MUFG Bank, said policy divergence between China and the United States was likely to continue despite steady LPR in April as the PBOC's policy stance appeared to be more dovish. Global investment banks including Goldman Sachs said the PBOC's restraint may reflect concern over inflation and aggressive monetary tightening by the U.S. Federal Reserve.Separately, some market participants pointed out that recent robust credit growth could also be part of the reason banks refrained from lowering the lending benchmark.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Taiwan says COVID vaccine talks held up on China sales dealTalks on Taiwan buying the child version of the Pfizer /BioNTech COVID-19 vaccine have stalled as Pfizer does not have the right to sell it, and BioNTech and its Chinese partner do not make it, a Taiwan minister said on Monday.
Weiterlesen »
Container shipping could rebound by late April as Covid eases in China, shipping investment firm exec saysShanghai, home to the world's busiest container port, has been on lockdown since last month and has suffered from a breakdown in the logistics supply chain.
Weiterlesen »
Evidence of 'modern' plate tectonics dating to 2.5 billion years ago found in ChinaRare minerals show evidence of an ancient subduction zone.
Weiterlesen »
China Signs Solomon Islands Pact, Over U.S., Australia OppositionChina says it has signed a security pact with the Solomon Islands, confirming an arrangement that drew objections from the U.S. and Australia in its draft form
Weiterlesen »
China accuses U.S., NATO of 'cheering Ukraine up to fight a 10-year war''We can fight the Russian Federation for 10 years to take what's ours,' Ukrainian President Volodymyr Zelensky recently said.
Weiterlesen »