China expected to leave lending benchmarks unchanged this week

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SHANGHAI : China is widely expected to keep benchmark lending rates unchanged for a second straight month on Thursday, a Reuters survey showed, although a few market watchers think authorities will step up support for the property sector.The loan prime rate (LPR), which banks normally charge their best cl

SHANGHAI : China is widely expected to keep benchmark lending rates unchanged for a second straight month on Thursday, a Reuters survey showed, although a few market watchers think authorities will step up support for the property sector.

The remaining two expected a marginal reduction to the five-year rate after the government introduced a slew of supportive measures in recent weeks to prop up the embattled property sector. China delayed the release of economic indicators scheduled for publication this week, including its third-quarter gross domestic product data due on Tuesday, as the Communist Party Congress gets under way.

 

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