China keeps lending benchmark unchanged but stimulus needed as virus hit worsens

China kept its benchmark lending rate unchanged on Friday, defying expectations ...

SHANGHAI - China kept its benchmark lending rate unchanged on Friday, defying expectations for a reduction to ease borrowing costs in an economy jolted by widespread disruptions to businesses from the coronavirus pandemic.

Analysts said the unchanged rate suggests policymakers may think recent measures are enough to help the economy in the immediate term, after the central bank last week cut the amount of reserves commercial banks are required to hold. “The lack of any cut this month means that the LPR is still only 10 basis points lower than it was at the end of last year, following a small cut in February,” Julian Evans-Pritchard, senior China economist at Capital Economics said in a note.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Reuters /  🏆 2. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Bandcamp Will Forfeit Its Share Of Sales Friday, Urges Direct Support Of MusiciansBandcamp — a favorite of indie artists and labels — says it will forgo collecting is share of revenue from sales on Friday to help boost profits for musicians struggling amid the coronavirus pandemic.
Les mer »

All U.K. Schools Will Close Friday Until Further NoticeVulnerable students and the children of key workers are exempt.
Les mer »

Harried Traders Gird for a Frantic FridayThe expiration of options and futures on stocks and indexes—known as quadruple witching—promises even more-hectic trading, assuming that’s possible.
Les mer »

NBA tells teams to close training facilities by FridayThe NBA has instructed teams to shutter practice facilities as the league takes another step to intensify the fight against spreading the coronavirus.
Les mer »

China sees zero local coronavirus cases for second day – latest updatesChina’s Wuhan reports no new coronavirus cases for second straight day, here is whats new: – South Korea reports 87 new coronavirus cases – New Zealand confirms 11 new cases – Two Los Angeles Lakers players have tested positive For more:
Les mer »