SHANGHAI (Reuters) - China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSHANGHAI - China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a string of data showed some signs of economic stabilisation.
All 33 market watchers polled this week predicted that the People's Bank of China would leave the interest rate on its one-year medium-term lending facility loans unchanged when it is due to roll over 400 billion yuan worth of these maturing loans this month.
While recent data showed signs of stabilisation in an economy that has rapidly lost steam since the second quarter, analysts said more policy support is needed, particularly for the ailing property sector, to foster a durable recovery in growth. "The PBOC's decision to cut policy rates last month even as the renminbi approached a multi-year low against the U.S. dollar hinted at a slightly greater tolerance for currency weakness," Julian Evans-Pritchard, head of China economics at Capital Economics, said in a note.
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