China lowered its lending benchmark rate on Wednesday, as widely expected, to re...
SHANGHAI - China lowered its lending benchmark rate on Wednesday, as widely expected, to reduce company funding costs and shore up an economy hurt by slowing demand and U.S. trade tariffs.
Wednesday’s pruning of the loan prime rate followed China’s first cut in a short-term market rate in four years on Monday, suggesting the start of “a new easing cycle”, said Ji Tianhe, China head of foreign exchange and local markets strategy at BNP Paribas in Beijing, who says there is room for rates to go lower.
The lowering of the five-year rate, which is used to price housing mortgages, could suggest policymakers may be softening their cautious regulatory stance toward the property market, a major growth driver in the past, Capital Economics said in a research note. Still, the cut in the LPR was the third to a major policy rate this month, though the moves have been much more modest than easing by the U.S. Federal Reserve and some other central banks.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China defends Xinjiang crackdown after massive document leakThis follows the publication of 400 papers implicating the Chinese government in the pre-meditated mass incarceration of Muslims for thought crime.
Baca lebih lajut »
China is outspending the US on 5G infrastructure, expert saysChina is ahead of the United States when it comes to investing in 5G infrastructure, a group of panellists at CNBC's East Tech West conference said Monday.
Baca lebih lajut »
China Box Office: ‘Charlie’s Angels’ Kept Earthbound by Local RomcomThe new “Charlie’s Angels” reboot was no match for a local romantic comedy or a 20-year-old Giuseppe Tornatore film at the Chinese box office, bringing in just $7.6 million in its…
Baca lebih lajut »
WSJ News Exclusive | TikTok Looking at Ways to Shake Off Its Ties to ChinaTikTok this year made history as China’s first social-media company to make it big in the U.S. Now, TikTok wants to shed its label as a Chinese brand.
Baca lebih lajut »
Beijing tells US to stop 'flexing muscles' in South China Sea as it sends new carrierChina's Defense Minister told his US counterpart that Washington must stop 'flexing its muscles' in the South China Sea. At the same time, China announced that its new domestically produced aircraft carrier was headed there.
Baca lebih lajut »