China leaves benchmark lending rates unchanged as expected, despite Fed rate cut

China, despite the fact that the interest rate of the US federal reserve was cut last week, did not change comparison debt rates during the fourth month on Monday.

According to a statement on Monday, the Chinese Halk Bank changed its one -year credit prime rate (LDR) to 3.0%, and its five -year LPR was 3.5%, respectively. One -year LPR affects the newest and unpaid loans, while the five -year ratio affects the pricing of mortgages.

The Monday decision was compatible with the expectations of economists that economists would maintain great stimulating measures in the midst of a recent stock market rally of Chinese authorities, despite a number of economists showing signs of fatigue in the economy.

The Central Bank reduced lock debt rates by 10 basis points in May as part of Beijing’s efforts to increase the economy of Beijing.

Last Thursday, PBOC changed the seven -day reverse repo ratio, which serves as the main policy ratio, following the decision to reduce points of the Fed of the FED.

Normally, the comparison debt rates collected to the best customers of the banks are calculated on a monthly basis according to the recommended proportions of the specified commercial banks to PBOC.

The export growth of the country fell to 4.4% in August, and as the impact of the front loading shipments decreased, the lowest growth rates since February, and the US trade policy focused on exports to third countries.

Chinese policy makers are expected to open marginal monetary money later in this year to ensure that the second largest economy in the world hit the government’s annual growth target by about 5%.

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