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China holds lending rates steady; market sees reserve ratio cut as next move

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reuters.com/markets/rates-bonds/china-leaves-lending-benchmarks-unchanged-may-matching-expectations-2023-05-22

SHANGHAI/SINGAPORE, May 22 (Reuters) - China kept its benchmark lending rates unchanged for the ninth month in May on Monday, matching market expectations, as a weakening yuan and widening yield differentials with the United States limited the scope for any substantial monetary easing.
A raft of data over the past month or so, including April indicators last week, pointed to…

This story from reuters.com was posted on 2023-05-22 by @sunrays.

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