Twenty-five traders and analysts, or 78% of 32 participants, in the snap poll predicted no change in either the one-year loan prime rate (LPR) or the five-year tenor. The remaining seven respondents all expected a cut to the one-year LPR, with six participants predicting a five basis points (bps) reduction and one seeing a 10bps cut.
SHANGHAI: China is expected to keep its benchmark lending rate unchanged for the 16th straight month at its August fixing today, but some traders and analysts believe a cut may be needed soon amid signs the country’s economic recovery is losing steam, a Reuters survey showed.
Twenty-five traders and analysts, or 78% of 32 participants, in the snap poll predicted no change in either the one-year loan prime rate (LPR) or the five-year tenor.
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