BEIJING (Reuters) - China's new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters poll ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBEIJING - China's new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters poll showed, as the central bank seeks to shore up economic growth amid soft demand both at home and abroad.
"For households, mortgage prepayment could have some relief with mortgage repricing underway. Corporate credit demand could be lukewarm as indicated by low bills rates." Last month, a senior central bank official said the bank would flexibly use policy tools such as reserve requirement ratio cuts to ensure reasonably ample liquidity.
Outstanding yuan loans were expected to grow by 11.1% in August from a year earlier, the same as in July, the poll showed. Broad M2 money supply growth in August was seen at 10.7%, the same as the previous month.
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