The People's Bank of China (PBOC) in Beijing. — Bloomberg
SHANGHAI: China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks' profitability and the yuan comes under fresh pressure as Donald Trump returns to the White House.
Beijing has announced a series of stimulus steps since late September, ranging from monetary easing, to fiscal measures and property market support, in an attempt to pull the economy out of a deflationary funk and back towards the government's growth target.
