SHANGHAI/SINGAPORE : China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy.Recent economic data showed the retail and factory sectors struggl
SHANGHAI/SINGAPORE : China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy.
In a poll of 32 market watchers, all participants predicted cuts to both the one-year loan prime rate and the five-year tenor. "However, the biggest risk is that rate cuts can be ineffective when households and businesses are excessively conservative, busy deleveraging and paying off debt."China's cabinet met on Friday to discuss measures to spur growth in the economy and pledged to roll out more policy support.
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