SHANGHAI - China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further monetary stimulus to aid a fragile recovery.Related stories
Most new and outstanding loans in the world's second-largest economy are based on the one-year LPR, which stands at 3.45%. "Currently, with the stronger-than-expected Q1 growth, we think the authorities may be reluctant to roll out any additional supportive macro policies," said Wang Tao, chief China economist at UBS.
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