Despite economic decline, China Central Bank has not changed the index interest rate.
Despite signs of weakening lending demand and economic activity has slowed down, in August, the index interest rate holds the third consecutive. The Central Bank of China (PBOC), a main interest rate loan (LP) 3 percent, the remaining 3.5 percent -year -and -five percent ratio. According to Reuters survey with 23 market participants, all participants planned this decision. This decision reflects Beijing's strategy for targeted and structured supports rather than relaxing major currencies, while the government likes to focus on certain areas by avoiding cutting interest rates throughout the economy. The Government aims to support growth, especially with measures such as interest subsidies for consumer -oriented businesses and specific financial incentives for real estate. In July, new loans in Yuan narrowed for the first time after 20 years, while industrial production and retail pointed out a general economic decline. However, the central bank stated that they will continue to stance Loose ör moderate in their latest monetary policy reports and warn against the idle amounts in the banking system. At LDR and a request of banks.
