China has maintained standard lending rates unchanged on Monday for the sixth month in a row, as it has been detained for a year for a year by 3.1 % and a five -year rate at 3.6 %. This was not surprising to the financial wrestler – 87 % of the 31 participants in the Reuters poll did not actually expect any prices for prices.
The freezing came even after China published GDP growth stronger than expected by 5.4 % in the first quarter. This surprise gave Beijing Room to stop in reducing the wide money, even as the markets are ready for new stimuli on the road.
Basic fear? The Chinese -American trade war is still a tremendous threat, and politics makers do not want to break the yuan or destroy bank profits while trying to keep the economy alive.
Central Bank detained Return from the rates of lowering the protection rates for each of the currency profit margins and lenders. As interest margins are narrowed, reducing interest rates means that banks are making less on their loans – BAD news for a tense financial system.
Moreover, the yuan was defeated, it might weaken it more, and to open a completely new box of economic disgust that China does not want to deal with.
China warns the allies as the United States pushes the tariff pressure
While Beijing was late to withdraw any cash cranes, the trade war escalated. US President Donald Trump, who has now returned to the White House, has arrested the new tariff in other countries for 90 days.
But Washington raised the definitions of Chinese goods to 145 %, and wants to pressure the country more difficult. Reports say Trump wants to use these negotiations to pressure the allies to expand business with China.
In response, the Chinese Ministry of Commerce made it clear that it will not sit there. They warned that any country is cutting an agreement with the United States harms China’s interests that will face counter -measures.
“China is strongly opposed to any party that is reaching an agreement at the expense of China’s interests. If this happens, China will not accept it and will firmly take mutual anti -measures,” the ministry said in a statement.
Moreover, economists from J. The Permissible Loan Rale will not decrease unless the central bank reducing the reversal rate of the reverse ribo for seven days. This rate has not also been touched by the shortest time. Ji pointed to the low inflation and strong external pressure as good reasons for mitigation, but added that the stability of the currency may make the Popular Bank of China awaiting until the American Federal Reserve reduces its prices before moving.
Despite the first quarter numbers, you don’t buy the uproar markets. Global investment banks have already begun to reduce the expectations of GDP in China for the rest of the year. Anxiety is that early export data is calm fake – companies have rushed from shipments before the tariffs arrive, so the numbers do not reflect real damage yet. This means that the storm is still coming, and no one wants to be arrested.
The Ministry of Commerce also warned against collapse in global trade standards. They said that the two countries were slipping into the “jungle law” where the authority outperformed rules. The same statement said that China wants to cooperate with others to “defend fairness and international justice”, even with the United States calling for the use of “one -sided bullying” and misuse of customs tariffs to force its will.
Cryptopolitan Academy: Tired of market fluctuations? Learn how Defi can help you build a fixed negative income. Score
