key policy rates, as China's post-pandemic economic recovery showed signs of faltering, and there are hopes of more policy measures to raise demand in the broader economy.
All 30 market watchers surveyed this week predicted that the People's Bank of China would keep the interest rate on one-year medium-term lending facility loans unchanged at 2.65% for the monthly rollover on Monday. The PBOC lowered the rate by 10 basis points last month. "In our view, the upside surprise in credit data lowered the possibility of another policy rate cut over the near term," analysts at HSBC said in a note.
"Monetary policy often acts as a precursor to intensify China's macroeconomic supports," analysts at OCBC Bank said in a note.
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