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China leaves key interest rate unchanged for 11th straight month as it moves to cautiously scale back economic stimulus

Summary:
[unable to retrieve full-text content]China’s central bank kept its benchmark lending rate unchanged for the 11th straight month on Monday, in a further sign policymakers are proceeding cautiously to maintain sufficient support for the economy while gradually reducing stimulus to cut debt and defuse financial risks.The decision by the People’s Bank of China (PBOC), which was widely expected, comes amid rising concern in domestic policymaking circles about a wave of excess liquidity from the Biden administration’s US.9 trillion…

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[unable to retrieve full-text content]
China’s central bank kept its benchmark lending rate unchanged for the 11th straight month on Monday, in a further sign policymakers are proceeding cautiously to maintain sufficient support for the economy while gradually reducing stimulus to cut debt and defuse financial risks.The decision by the People’s Bank of China (PBOC), which was widely expected, comes amid rising concern in domestic policymaking circles about a wave of excess liquidity from the Biden administration’s US$1.9 trillion…

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